DHAKA, Oct 15, 2025 (BSS) - The ACC today submitted charge sheets in three cases against 34 people including S Alam group chairman Mohammad Saiful Alam and former managing director of the then Reliance Finance Limited Proshanta Kumar (PK) Halder.

Director General of the Anti Corruption Commission (ACC) Md Akhter Hossain told journalists at a regular media briefing at the commission headquarters in city’s Sagunbagicha area.

The anti-graft body lodged the three cases on July 2 this year for their alleged involvement in misappropriation of loans in the name of false companies and money laundering.

According to the first case, accused Saiful Alam and officials of the then Reliance Finance Limited now Aviva Finance Limited in connivance with the owner Messer’s AM Trading Md Abdullah Al Mamun on August 12, 2013 sanctioned a term loan of Taka 34 crore. The loan was disbursed on September 9 in that year without taking the CIB report, verification of address and depositing MICR cheques. The money was later transferred to the account of S Alam Super Edible Oil Limited. A total of 13 people were accused in the case.

In the second case, the same leasing company on the same date sanctioned Taka 32.50 crore in favour of a false company-Messer’s Mostafa and Company and disbursed the money on October 9 in that year. The money was also transferred to the same company owner by S Alam Group. Thirteen people were also accused in the case.

In the third case, another term loan of Taka 24 crore was approved for Messer’s Saiful and Company on October 3, 2013 and disbursed the money on November 4 in that year. The amount was also transferred to the same company owner by S Alam Group. The same numbers of people were also accused in the case.

The prominent accused in the three cases are S Alam Group Chairman Saiful Alam, its vice chairman Abdus Samad, directors Mohammad Abdullah Hassan and Shahana Ferdaus. Besides, former managing director of the Reliance Finance Limited P K Halder, former executive vice president Rashedul Haque, former manager Nahida Runai, former senior vice president Kazi Ahmed Jamal, former deputy manager Jumaratul Banna and directors of Marine Vegetable Oils Limited and owners of those fake companies, were also accused.

The cases were lodged under sections 409,109, 420, 467,468,471 and 120/B of Bangladesh Penal Code, section 5(2) of the Corruption Prevention Act-1947 and sub-sections 2 and 3 under section 4 of the Money Laundering Prevention Act-2012.

The ACC investigators submitted the charge sheets against 34 people as some of the accused were charge sheeted in all three cases.