Singapore’s Financial Intelligence Unit seeks information on S Alam Group

Singapore’s Financial Intelligence Unit has requested details about S Alam Group and its owners from Bangladesh’s Financial Intelligence Unit. This follows revelations about the group’s $1 billion business empire in Singapore, built without central bank approval. After losing control of six banks in Bangladesh, S Alam Group faces strict measures, including account freezes. The group has appealed for government support to recover losses caused by these restrictions.READ FULL