Shahjalal Islami Bank controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2021
Alleged use in money laundering
The reference material states that Prashanta Kumar Halder used Shahjalal Islami Bank in connection with alleged money laundering arising from his embezzlement activities.
2016
Alleged fictitious-letter-of-credit fraud
Former deputy managing director Md Monjerul Islam and four others were charged over alleged embezzlement of approximately 2.5 billion taka through fake letters of credit.
2015
Bismillah Group embezzlement case
The Anti-Corruption Commission sued Bismillah Group managing director Khaza Solaiman Anwar Chowdhury, four bank employees, and other defendants over alleged embezzlement of approximately 1.1 billion taka.
2014
Alleged loan-related embezzlement involving former chairman
Mohammed Solaiman, described as a director and former chairman, was arrested over allegations involving approximately 1.4 billion taka in bad loans connected to Joynob Steel, SK Steel, and Paradise Corporation. The same year, a separate allegation concerning approximately 1.49 billion taka was reported.
2012
Alleged embezzlement case involving former vice-president
The Anti-Corruption Commission sued former vice-president Sayed Hassan Imam and five others over alleged embezzlement of 131.7 million taka from the bank.