ACC moves to prosecute S Alam's sons, 8 others in Tk 75cr tax evasion case

The Anti-Corruption Commission (ACC) has approved a case against 10 individuals, including two sons of S Alam Group chief Saiful Alam, over allegations of tax evasion amounting to Tk 75 crore.

ACC Director General (Prevention) Md Akhter Hossain confirmed the approval on Wednesday, naming Saiful Alam’s sons Ashraful Alam and Asadul Alam Mahi, former Deputy Tax Commissioner Aminul Islam, and seven officials of First Security Islami Bank among the accused.

The implicated bank officials include Senior Vice President Md Helal Uddin, Branch Head Muhammad Amir Hossain, former Senior Assistant Vice Presidents Md Ahsanul Haque and Ruhul Abedin, along with Shamima Akhter, Anis Uddin, and Gazi Muhammad Yakub.

According to the charges, the group allegedly colluded to create fake pay orders and pass them off as genuine. They were required to pay Tk 125 crore in taxes to legalize an undisclosed sum of Tk 500 crore but allegedly paid only Tk 50 crore, causing a revenue loss of Tk 75 crore to the government.