Fraud case against S Alam's Masud-Akij
The Chronify
A case has been filed in a Chittagong court against S Alam Group boss Saiful Alam Masud and his personal assistant Akij Uddin for allegedly embezzling Tk 290 million.
On Thursday (December 12), a woman named Najme Nowroz filed the case in the court of Chittagong Metropolitan Magistrate Abu Bakkar Siddique. After the hearing, the Criminal Investigation Department (CID) of the police ordered the Chittagong District and Metro Units to investigate the case and submit a report.
The charges in the case mention that female entrepreneur Najme Nowroz is the owner of La Aristocracy restaurant in the city. The restaurant previously had three shareholders. Later, she bought all the shares from the remaining two and was running the restaurant as a sole proprietor. Through business, she met Saiful Alam Masud, owner of S Alam Group. At one stage, Masud first gave a loan of Tk 20 million from the First Security Islami Bank Kazir Deuri Women's Branch to expand his business. And introduced her to his personal assistant Akij.
