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Published : 19 Jan 2026, 01:23 PM
A Dhaka court has framed charges against 13 people, including S Alam Group Chairman Mohammad Saiful Alam and former managing director of Reliance Finance Limited (now Aviva Finance Limited) Prashanta Kumar (PK) Halder, in a case over the embezzlement of Tk 320 million.
Dhaka Special Judge’s Court Judge Md Abdus Salam made the decision after a hearing on Monday.
The recording of testimony will begin on Feb 8, said Anti-Corruption Commission Prosecutor Mohammad Hafizur Rahman Hafiz.
The other suspects in the case are S Alam Group Vice-Chairman Abdus Samad, Directors Md Abdullah Hasan and Shahana Ferdous, former Reliance Finance (now Aviva Finance) EVP Rashedul Haque, former manager Nahida Runai, former SVP Kazi Ahmed Jamal and former deputy manager Jumaratul Banna and Marine Vegetable Oils former managing director Zahir Ahmed, directors Tipu Sultan, Md Ishaq, and Md Abdullah Al Mamun.
Among the suspects, Nahida and Rashedul are in jail. The other suspects are absconding.
During Monday’s hearing, Nahida and Rashedul were produced in court.
The ACC was represented by counsel Mohammad Hafizur Rahaman. Dhaka Bar Association President Advocate Khorshed Miah Alam represented Nahida, seeking her acquittal, while lawyer Niaz Morshed appeared for Rashedul.
The other accused are absconding and did not attend the hearing.
After hearing from both sides, the court framed charges against the accused. The accused then p-pleaded not guilty and sought justice from the court.
The case stems from the approval of a Tk 325 million loan in the name of the nominal company M/s Mostafa & Co. on Aug 12, 2013, which was disbursed on Oct 9, 2013, and later transferred to S Alam Super Edible Oil Limited.
The ACC filed the case on Jul 2, 2025, accusing 13 individuals. Following an investigation, ACC Assistant Director Mahmudul Hasan submitted the charge sheet on Oct 16.
The charge sheet was accepted by Dhaka Metropolitan Senior Special Judge Sabbir Faiz on Jan 11, after which the case was sent to the 9th Special Judge’s Court for trial.
