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Dr Yunus, six others seek bail in graft case

  • Case filed over the misappropriation of over Tk25 crore
  • ACC filed charge sheet on February 1
Update : 03 Mar 2024, 01:01 PM

Nobel laureate Prof Dr Muhammad Yunus and six others on Sunday sought bail in a case filed over the misappropriation of over Tk25 crore of Grameen Telecom Workers' Profit Participation Fund.

Dr Yunus's lawyer, Abdullah Al Mamun, submitted the bail petition before Dhaka Metropolitan Sessions and Judge Court Judge Mohammad Ash Sams Joglul Hossain.

The six other officials are Grameen Telecom Managing Director Md Nazmul Islam, directors Md Ashraful Hassan, Nazneen Sultana, Md Shahjahan, Nurjahan Begum and SM Huzzatul Islam Latifee.

On February 1, the Anti-Corruption Commission (ACC) filed a charge sheet against Grameen Telecom Chairman Dr Muhammad Yunus and 13 others in a case filed for embezzling Tk25 crore.

On May 30, 2023, ACC filed the case with its Dhaka-1 integrated district office.

According to the case documents, a decision was made at the company's 108th board meeting, presided over by Dr Yunus on May 9, 2022, to open a bank account at the Gulshan branch of Dhaka Bank Limited. However, it was found that the account was opened a day before the decision was even made.

More than Tk25 crore was transferred to the account on different occasions, as per “fake settlement agreements” and decision of the board. But before even distributing the share of the company's profit to the workers, and letting them know, the accused embezzled around Tk25 crore from the fund.

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