S. Alam Group of Industries controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2024
Government investigation into alleged financial misconduct
Bangladesh's interim government investigated S. Alam Group after the fall of Sheikh Hasina's government over alleged financial misdeeds and related asset and banking issues.
2024
Alleged irregular transfers linked to SS Power
Reporting alleged that funds intended for power-plant machinery were transferred abroad using false invoices and other irregular documents, although company and bank officials disputed wrongdoing.
2022
Edible-oil supply and pricing criticism
Consumer-rights authorities reportedly alleged that the group reduced edible-oil production during shortages and contributed to higher market prices, leading to calls for investigation.
2021
Deaths during Banshkhali worker protest
Police firing during a labour protest at the Banshkhali power project killed five workers and injured more than 20. A court later ordered compensation for the families of those killed.
2017
Bank ownership and connected-lending scrutiny
The group's banking acquisitions and reported use of subsidiaries to hold a large stake in Social Islami Bank raised questions under Bangladesh's Banking Company Act and prompted regulatory and court attention.
2015
Contested takeover of Ekushey Television
The acquisition of Ekushey Television followed the arrest and imprisonment of its chairman after the station broadcast an opposition speech. Press-freedom groups and critics alleged that the ownership change was politically orchestrated.