ACC to prosecute two of S Alam's sons, 8 others for evading Tk 750m in taxes

A former deputy tax commissioner and seven officials associated with First Security Islami Bank Ltd are among the other defendants

The Anti-Corruption Commission (ACC) has approved a case against 10 people, including two sons of controversial business tycoon Md Saiful Alam, for allegedly evading Tk 750 million in taxes.

The defendants in the case are Saiful’s sons, Ashraful Alam and Asadul Alam Mahi, former deputy tax commissioner Aminul Islam, and seven officers associated with First Security Islami Bank PLC, the graft watchdog’s Director General Akhtar Hossain said on Wednesday.

The bank officials are Senior Vice President Helal Uddin, Branch Manager Muhammad Amir Hussain, former senior assistant vice president Ahsanul Haque, former senior assistant vice president Ruhul Abedin, and officials Shamima Akhter, Anis Uddin, and Gazi Muhammad Yakub.

The ACC investigation revealed that the defendants conspired to forge fake pay orders and pass them of as legitimate. They paid only Tk 500 million in taxes to legitimise Tk 5 billion in undisclosed income, even though they were supposed to pay Tk 1.25 billion.

As a result, the government did not receive the remaining Tk 750 million in taxes, leading to a loss of revenue.

In October 2024, the National Board of Revenue (NBR) suspended three senior tax cadre officers for allegedly allowing added benefits and accepting bribes related to the income tax files of businessman Saiful Alam, popularly known as S Alam.