Dhaka: A Dhaka court has ordered the issuance of an Interpol Red Notice against Mohammad Saiful Alam, the chairman of S Alam Group, along with two other associates.
According to Bangladesh Sangbad Sangstha, the order was passed by Dhaka Metropolitan Senior Special Judge Sabbir Foyez following a petition filed by the Anti-Corruption Commission (ACC). The directive also targets S Alam Group vice chairman Abdus Samad and director Mohammad Abdullah Hasan, as confirmed by ACC Public Relations Officer Akhtarul Islam.
The petition detailed that the accused were involved in creating a fake company named AM Trading. Through this entity, they allegedly prepared and used forged documents to embezzle over Taka 104.2 crore in loans, exploiting their positions of power.
Furthermore, the petition revealed that Saiful Alam laundered and transferred the embezzled funds, converting them into Taka 340 crore in favor of S Alam Super Edible Oil. Despite several attempts to apprehend the accused during the investigation, they managed to flee abroad. Consequently, the ACC appealed to the court for arrest warrants to be issued via Interpol through the Home Ministry.