11 testify in graft case against S Alam, PK Halder

A total of 11 witnesses have testified in the Tk34 crore embezzlement case filed against S Alam Group Chairman Mohammed Saiful Alam, Reliance Finance Limited’s former managing director Prashanta Kumar (PK) Halder, and 11 others.

Dhaka Special Judge Court-5 Judge Mohammad Abdullah Mamun on Sunday recorded the testimony of Assistant Vice-President of First Security Islami Bank PLC Asadul Azad.

Later, Defence Counsel Niaz Morshed, representing accused Rashedul Haque, cross-examined the witness.

The court then fixed 9 August for the next hearing after Mohammad Babul Bepari, representing accused Nahida Runai, sought time to cross-examine the witness.

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Confirming the development, Bench Assistant of the concerned court Arif Hossain said a total of 11 witnesses have testified so far in the case, and the investigating officer will testify at the next hearing.

Earlier, on 11 January, the Dhaka Metropolitan Sessions Judge's Court accepted the charge sheet and ordered the case to be transferred to Dhaka Special Judge Court-5 for trial.

According to the case documents, the accused, acting in collusion, took a Tk34 crore loan in the name of a shell company, AM Trading, on 8 August 2013, and the loan was disbursed on 9 September 2013.

The money was later transferred to S Alam Super Edible Oil Limited.

The case was filed on 2 July 2025 by ACC Deputy Director Tahasin Munabil Haque, who, on 16 October, submitted the charge sheet against the 13 accused following the investigation.

Alongside Saiful Alam and PK Halder, the other accused are S Alam Group Vice-Chairman Abdus Samad; directors Mohammad Abdullah Hasan and Shahana Ferdous; former executive vice-president of Reliance Finance Ltd Rashedul Haque; former manager Nahida Runai; former senior vice-president Kazi Ahmed Jamal; former deputy manager Jumaratul Banna; and former managing director of Marine Vegetable Oils Jahir Ahmed.

The list also includes directors Tipu Sultan, Md Ishaq, and Md Abdullah Al Mamun.