Dhaka, Aug. 13 -- The vast corruption and money laundering linked S. Alam Group's Chairman Mohammed Saiful Alam and his family have been well-known in Bangladesh.

The Chittagong-based conglomerate's meteoric accumulation of wealth-both at home and abroad-has come under sharp focus over the past two years, especially after the fall of Sheikh Hasina's regime.

New findings reveal the scale to be far greater than previously understood, ranking among the most audacious financial scandals in modern history. A recent progress report drawing on intelligence from at least nine foreign financial watchdogs accuses S. Alam Group of siphoning off nearly 223,855 crore taka (about $20 billion) through at least 470 shell companies in nine countries-an ...