Businessman Saiful Alam, alias S Alam, has filed an arbitration case against Bangladesh’s interim government at the World Bank, reports Financial Times. According to the Financial Times report, lawyers representing the Alam family lodged the arbitration request on Monday with the International Centre for Settlement of Investment Disputes. Of that, Bangladesh Bank Governor Ahsan H Mansur has claimed the Alam family alone laundered nearly $12 billion. The claim says these actions have caused “hundreds of millions of dollars” in damage to the S Alam group. Members of the S Alam family renounced Bangladeshi citizenship in 2020, and later acquiring Singaporean nationality between 2021 and 2023.

Source: bd News24 October 29, 2025 17:41 UTC