The National Board of Revenue (NBR) has requested banks and financial institutions to provide details of the accounts held by Mohammed Saiful Alam, also known as S Alam, along with those of his family members and associated business entities.

On August 14, the Income Tax Zone 15 of the NBR, led by Commissioner Ahsan Habib, sent a letter to 91 banks and financial institutions requesting this information.

The letter specifically seeks details of bank accounts for S Alam, his wife Farzana Parvin, his mother Chemon Ara Begum, and his brother Abdullah Hasan.

Additionally, it requests information on accounts or credit details under the names of their parents, children, siblings, or any business entities associated with them.

The NBR’s request is made under Section 200 of the Income Tax Law 2023. Farzana Parvin and Abdullah Hasan serve as directors of S Alam Luxury Chair Coach Service and S Alam Cold Rolled Steels Limited, while Chemon Ara Begum is a director at S Alam Luxury Chair Coach Service.

Recent allegations against S Alam Group include money laundering and loan defaults.

Media reports indicate that the group withdrew approximately Tk 55,000 crore from Islami Bank alone and over Tk 1 lakh crore from various other banks it controls.

The group has been reported to directly and indirectly control seven banks in the country, with significant takeovers beginning in 2017, reportedly with backing from the Awami League-led government.

There are claims that S Alam and his family have amassed substantial assets abroad without central bank authorization.

The NBR’s request for detailed bank information follows the resignation and flight of Sheikh Hasina on August 5 due to a student-led uprising, which ended her 15-year tenure of authoritarian rule.