Bangladesh, May 22 -- Over the past few years, a handful of powerful business groups have been accused of taking away thousands of crores from the country's banks in ways that have left ordinary depositors and the entire banking system badly wounded.

Among them, the S. Alam Group stands out as one of the most talked-about cases.

According to various reports, the S. Alam Group allegedly obtained between Tk 1 lakh crore and over Tk 2.25 lakh crore from banks such as Islami Bank, First Security Islami Bank, and Janata Bank during the previous government.

Much of this money was reportedly given through weak collateral, shell companies, and strong political backing.

After the political change in August 2024, the Anti-Corruption Commission ...