S. A. Group

[9] On 20 February 2020, they both secured bail from the Chittagong Metropolitan Session Court Judge SM Mojibur Rahman.

[9] National Bank auctioned properties owned by SA Oil Refinery to recover 2.15 billion taka loan.

[11] It had sued S.A. Group of Industries on 27 March 2016 with Double Mooring Police Station in Chittagong to recover the loan.

[8][13] On 18 October 2018, managing director of S.A. Group of Industries, Shahabuddin Alam was arrested by the Criminal Investigation Department over irregular loans.

[1] Bank Asia sued him for defaulting on a 280 million taka loan with EPZ Police Station in Chittagong.

[1] Alam was also sued by Prime Bank which had alleged that he transferred ownership of his mortgaged properties to his children and other close relatives.

[15] Alam announced his intention to sell his stake of Mercantile Bank to the Dhaka Stock Exchange on 1 September 2020.

[15] Bangmata International Squash Tournament[16] was held in Chittagong in March 2022 courtesy of SA Group of Industries.