Nobel Laureate Muhammad Yunus, who is the chief adviser with Bangladesh’s interim government, was indicted by a court in June on charges of embezzlement of 252.22 million taka, roughly $2.2 million from workers’ welfare fund of his telecom company.
Yunus and his Grameen Bank won the Nobel Peace Prize in 2006 for work to life millions out of poverty by granting small loans of under $100 to Bangladesh’ poor, paving way for the microcredit programme.
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Yunus and the others of embezzling 252.2 million taka from the welfare fund of Grameen Telecom, which owns a 34.2% stake in Grameenphone, the country’s largest mobile phone company and a subsidiary of Norway’s telecom giant Telenor. They were also accused of money laundering.
Special Judge Syed Arafat Hossain dismissed petitions seeking the charges to be dropped, saying the prosecution had preliminarily demonstrated the misappropriation of funds and the illegal money transfers abroad.
In another case, Yunus was sentenced to six months in prison in January for violations of...
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