50 thousand crores of Islami Bank is in S Alam's pocket

It is said here that Islami Bank Bangladesh Plc was the top bank of the country even ten years ago. This bank outperformed all other banks in compliance, customer service and financial indicators.

It was foremost in collecting local deposits or foreign exchange due to customer confidence. The size of the bank had grown so large that the Bangladesh Bank said that if Islamic banks were compromised, there would be a 'systemic risk' to the entire sector, which would not be possible to prevent.
But from 2017 the situation started to change. In that year, the S Alam Group, close to the recently departed Awami League government, took control of the ownership and management of Islami Bank as an initiative to 'liberate Islami Bank' due to the political decision of the government. After that, in seven and a half years, this business group and Nabeel Group of Rajshahi have taken out about Tk 50 thousand crores from the bank anonymously.
This amount is one-third of the bank's total loans. No rules were followed to withdraw this money. Officials believe the actual amount of money laundered from the bank is higher than the loan data available so far.