City
Epaper

B'desh Nobel Laureate's company accused of money laundering, bribery

By IANS | Published: March 15, 2023 11:24 AM

By Sumi KhanDhaka, March 15 A company owned by Bangladeshi Nobel laureate Muhammad Yunus has been accused ...

Open in App

By Sumi Khan
Dhaka, March 15 A company owned by Bangladeshi Nobel laureate Muhammad Yunus has been accused of money laundering, bribery and conspiracy against the country.


The development came to light after authorities have come into possession of documents that revealed the misdeeds.

According to the documents, Yunus, who was awarded the Nobel Peace Prize in 2006 for founding the Grameen Bank and pioneering the concepts of microcredit and microfinance, embezzled thousands of crores of taka from Grameen Bank, Grameen Telecom (GTC) and other associated organisations.

Former President of the Bangladesh National Press Club, Shafiq Rahman told that Yunus's employees have demanded to rescind his Nobel Peace Prize.

"He bribed judicial officials and administrative high-ups to stay safe from the cases filed against him and operators. Besides, he allegedly persecuted employees of his companies, violating labour rights," Rahman added.

In 1997, Yunus received licence of GTC from the then Prime Minister Sheikh Hasina.

After that, he handed over a majority portion of shares of Grameen Phone Limited to a foreign company.

At present, GTC owns 34.20 per cent shares in Grameen Phone Limited, against which it receives thousands of crores of dividend every year. Most of this dividend income from GTC is illegally laundered by ‘social business' of Yunus.

According to lawyers, legal actions can be taken against Yunus and GTC.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Tags: Grameen TelecomSumi khanMohammad yunusMuhammad yunusBangladesh grameen bankGrameen bankMuhammed yunusMohammed yunus
Open in App

Related Stories

InternationalRohingya militant killed in gunfight at B'desh refugee camp

InternationalFire breaks out at Dhaka's New Supermarket

InternationalB'desh schools, colleges asked to take out rally marking Bengali New Year

InternationalDhaka wholesale market fire completely doused after 75 hrs

International700 firefighters work to douse massive Dhaka wholesale market fire

International Realted Stories

InternationalPM Modi condoles Iranian president Raisi's death in helicopter crash

InternationalIndia stands with Iran in time of sorrow: PM Modi on demise of Ebrahim Raisi

InternationalIranian President, foreign minister killed in helicopter crash, say state media

InternationalIran President Ebrahim Raisi, Foreign Minister Hossein Amir-Abdollahian Dead in Helicopter Crash, Report Iranian Media

InternationalIranian Prez Ebrahim Raisi feared dead, helicopter wreckage found