S Alam Group chairman and FSIB collage. Photo : Collected

CHATTOGRAM, Aug 17, 2025 (BSS) - The Anti-Corruption Commission (ACC) has filed a case against 20 people, including S Alam Group Chairman Mohammad Saiful Alam, on charges of embezzling Tk 80 crore from First Security Islami Bank.

ACC Deputy Director Afroza Haque Khan lodged the case today at the Chattogram District Integrated Office-1. 

The accused include former chairman of First Security Islami Bank Mohammad Saiful Alam, his personal secretary Akij Uddin, Nazme Nawroz, owner of 'La Aristocracy' restaurant near Askar Dighi in the city, former bank management executive Syed Wasek Mu Ali, former manager of the bank's Deuri Women's Branch Nazma Malek, and Humaira Sayeda Khanam, among others.

The case alleged that Saiful Alam Masud and Akij Uddin, along with several associates, misused their authority and embezzled Tk 79.96 crore and 69,984 through collusion.