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Dhaka Tribune

Grameen Bank files graft complaint against Dr Yunus

Dr Yunus served as the MD of Grameen Bank since its inception in 1983 till 2011

Update : 26 May 2024, 09:49 PM

The Grameen Bank authorities have submitted a written complaint with the Anti-Corruption Commission (ACC) against the founder of the bank, Nobel laureate Dr Muhammad Yunus, for his alleged involvement in graft and irregularities during his tenure at the bank.

According to the complaint, in the nineties, when Dr Yunus was the chairman of Grameen Bank, Packages Corporation Limited (PCL), a business entity of Dr Yunus and his family located in Chittagong, was given a loan of Tk9.5 crore without adhering to the rules and regulations.

Pradeep Kumar Saha, deputy managing director of Grameen Bank, lodged the complaint at the ACC headquarters in Dhaka on Sunday on behalf of the board of directors of the bank, a source at the commission confirmed the development to Dhaka Tribune.

Barrister Masood Akhter, chief legal adviser of Grameen Bank, accompanied Pradeep Kumar Saha and several other officials as well.

Claiming the findings were revealed following an audit report, Pradeep said that Dr Yunus improved his own fortune instead of the landless people.

However, Dr Yunus always denied all kinds of allegations against him.

Dr Yunus had served as the managing director of Grameen Bank since its inception in 1983. He was awarded the Nobel Peace Prize in 2006 jointly with Grameen Bank.

However, the government removed him from the post of MD in 2011 due to his retirement age.

Dr Yunus then moved the High Court challenging the government's decision but lost the legal battle.

At the time, lawmakers from various European countries, as well as then-US Secretary of State Hillary Clinton, pressed the government to change its decision in favour of Dr Yunus.

In 2007-08, Dr Yunus moved to float his political party with the support of the civil society after the then-caretaker government took strict legal action against the heads of two major political parties – Khaleda Zia and Sheikh Hasina.

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