MEA will take action against S Alam Group if ACC requests: Secretary

MEA will take action against S Alam Group if ACC requests: Secretary

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According to the report, Mohammad Saiful Alam, the owner of the S Alam Group, has built a business empire in Singapore worth at least US$1 billion, or about 108 billion taka, though Bangladesh Bank is required to invest or transfer any funds by him. There is no record of taking permission from Foreign.

“Until January 10, 2023, the central bank has approved approximately USD 40.15 million to invest overseas globally,” a Bangladesh Bank document reveals. 10 times less than what was spent for 2009 in Singapore – over US$411.8 million in Singapore since 2009,” the report said.

The Daily Star reported, “The Bangladesh Bank document also shows that so far over US$107,000 has been sent legally to Singapore by multiple companies, none of which are owned by Alam.” Not there.”

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