C T Online Desk: Bangladesh Bank (BB) Governor Ahsan H Mansur has called upon the people to stay aside from purchasing properties owned by S Alam Group, a Bangladeshi industrial conglomerate.
“The depositors will be refunded by selling S Alam’s assets,” Ahsan H Mansur made the call while addressing a press conference in Dhaka on Wednesday.
S.Alam Group is a Bangladeshi industrial conglomerate and it has investment in banking, leasing, insurance, stock brokering, and merchant banking.
The industries under this group include food and allied products, steel, banking, consumer products, sugar, cement, power, energy, transportation, shipping, manufacturing, hospitality, financial institution, agro, trading, oil, and gas.
The group is now under investigation by the interim government for its utter indulgence in financial crime and money laundering under the patronisation of ousted prime minister Sheikh Hasina-led Awami League government.
Responding to a query that S Alam Group is attempting to sell properties those are free of bank mortgages, the BB governor said it will have to be under the legal procedure. The government will take steps in this regard.
“S Alam is the first person in history who has looted the country’s banks in a planned manner. It is unknown to me whether anyone has done such a well-planned bank robbery in the world,” said the prominent economist.
