The Anti-Corruption Commission (ACC) on Sunday filed two cases against 26 individuals, including three family members of S Alam Group, for embezzling around Tk50 crore from Global Islami Bank.
ACC Assistant Director Bilkis Akter filed the cases with the ACC Chattogram Integrated District Office-1.
As per case details, two loans were approved from the Khatunganj branch of Global Islami Bank in the name of Mahmud Sajid Cotton Mills Limited, a sister concern of Saad Musa Group, in 2017, between October and December.

The accused allegedly used their power to secure the loans and embezzled the money through fraudulence.
One of the cases was filed for embezzling Tk29.16 crore, while another was for Tk20.52 crore, said sources.
The accused include S Alam Group Chairman Saiful Alam’s cousin Osman Gani, nephew Mostan Billah Adil, and son-in-law Belal Ahmed. 
The others are Global Islami Bank former Managing Director Prashanta Kumar (PK) Halder, brother of director and former 
Education Minister Mohibul Hasan Chowdhury Nowfel’s brother Borhanul Hasan Chowdhury, Additional Managing Director Md Golam Sarwar, former SVP and Head of Credit Mohammad Mahmud Alam, Deputy Managing Director Kazi Mashiur Rahman Zahed, Manager Md Shamsul Alam, Munnisree Chakraborty, Principal Officer Md Hasan Ali, Junior Officer Rifat Iftekharul Alam, Md Mizanur Rahman and Nigar Sultana.
The accused list of the case also include loan recipient and proprietor of Saad Musa Group Mohammad Mohsin, his wife and Chairman of Mahmud Sajid Cotton Mills Limited Shamima Nargis Chowdhury, Global Islami Bank former Chairman Nizam Chowdhury, former directors Golam Mohammad, Dr Mohammad Farooq, Arif Ahmed, Maymuna Khanom, Sarwar Jahan Malek, Shahana Ferdous, Sajeda Nur Begum, former independent director Mohammad Kutubuddoula and SAM Salimullah.