Dhaka,   Saturday 14 September 2024

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No one should buy assets from S Alam as the government will sell them to return the depositors: Gove

Staff correspondent

Published: 16:43, 28 August 2024

No one should buy assets from S Alam as the government will sell them to return the depositors: Gove

The governor said anyone who buys S Alam's assets may face legal challenges. "We urge everyone not to touch those."

Bangladesh Bank Governor Ahsan H Mansur has said no one should buy properties that do not have bank mortgages from S Alam Group as depositors would be refunded by banks after selling those.

During a press conference today (28 August), he was asked about the Bangladesh Bank's course of action regarding S Alam Group trying to sell properties that do not have bank mortgages. 

In this regard, the governor said, "It has to be done through a legal process. We will ask the government to take action. And no one should buy the assets of this group. The money will be returned to the depositors by selling these assets."


The governor said anyone who buys S Alam's assets may face legal challenges. "We urge everyone not to touch those."
 

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