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The Alam Group was founded by Manzur Alam in 1965. Alam built upon the foundations established by his father, Mehbub Alam, a civil engineer who worked closely with the Buganda government and local governments. Mehbub Alam's projects included the construction of Kigo Prison and Nakivubo Channel. [1]
S.Alam Group (Bengali: এস.আলম গ্রুপ) is a Bangladeshi industrial conglomerate. [ 1 ] [ 2 ] The group is under investigation by the Government of Bangladesh for financial crime and money laundering under the shelter of the ousted Sheikh Hasina government.
Nexus Television (Bengali: নেক্সাস টেলিভিশন) is a Bangladeshi Bengali-language satellite and cable infotainment television channel owned by S. Alam Group of Industries. It was launched on 30 July 2021 as the country's first non-fiction infotainment television channel.
Shahabuddin Alam is the managing director of S.A. Group of Industries. [1] The company has a workforce of 2,500 by 2022. SA Group of Industries has been operating 17 factories since 1988 with 8 master products under two brands Goalini and Muskan.
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According to Ahsan H Mansur, director of Policy Research Institute of Bangladesh, told The Daily Star that S. Alam Group had taken 800 billion BDT from Banks controlled by S. Alam Group. [11] [12] On 13 December, Bangladesh Bank appointed observers at Islami Bank Bangladesh and First Security Islami Bank. [13]
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SAIL sits on approximately 5,000 acres (20 km 2) of land owned by the factory owners; Alam Group, under sugar cane cultivation.The company also has 4,000 registered out-growers who collectively have 25,000 acres (10,000 ha) under sugar cane farming.