Do not buy S Alam’s assets: BB governor

S Alam Group’s Saiful Alam/Collected photo

Bangladesh Bank Governor Ahsan H Mansur today urged people not to buy assets of S Alam Group owner Mohammed Saiful Alam. 

He said the S Alam Group is trying to sell properties that are not mortgaged to banks. However, the government is planning to refund the depositors of the affected banks, he said.

The refund process will start through a legal process, said Mansur at a press conference at the central bank headquarters in Dhaka.