Bangladesh’s anti-graft watchdog quizzes Nobel laureate Muhammad Yunus in embezzlement case
1 year, 3 months ago

Bangladesh’s anti-graft watchdog quizzes Nobel laureate Muhammad Yunus in embezzlement case

Associated Press  

DHAKA, Bangladesh — Bangladesh’s official anti-graft watchdog Anti-corruption Commission on Thursday questioned Muhammad Yunus, who was awarded the Nobel Peace Prize in 2006, involving charges of money laundering and fund embezzlement. Yunus’ lawyer, Abdullah Al Mamun, said the charges against his client were “false and baseless.” The commission summoned Yunus, chairman of Grameen Telecom, over $2.28 million from the company’s Workers Profit Participation Fund. In August, more than 170 global leaders and Nobel laureates in an open letter urged Bangladeshi Prime Minister Sheikh Hasina to suspend legal proceedings against Yunus. The Department of Inspection for Factories and Establishments brought the case against Yunus and three other people in 2021, alleging discrepancies during an inspection of Grameen Telecom, including a failure to regularize positions for 101 staff members and to establish a workers’ welfare fund.

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History of this topic

Bangladesh president announces Nobel laureate Yunus as interim government chief
5 months ago

Bangladesh president announces Nobel laureate Yunus as interim government chief

The Hindu  

Nobel laureate Mohammad Yunus was on Tuesday appointed as the head of Bangladesh's interim government by President Mohammed Shahabuddin, a day after Prime Minister Sheikh Hasina resigned and fled the country following deadly protests against her government over a controversial quota system in jobs. During the meeting, Army Chief General Waker-Uz-Zaman, Navy Chief Admiral M Nazmul Hassan, Air Chief Marshal …

From Embezzlement To Violating Labour Law, Legal Cases Against Bangladesh Economist Muhammad Yunus
5 months ago

From Embezzlement To Violating Labour Law, Legal Cases Against Bangladesh Economist Muhammad Yunus

News 18  

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 …

Nobel laureate Muhammad Yunus to lead Bangladesh interim government
5 months ago

Nobel laureate Muhammad Yunus to lead Bangladesh interim government

Al Jazeera  

The microfinance pioneer has been tapped to lead an interim government after the ouster of PM Sheikh Hasina. Bangladesh’s Nobel laureate Muhammad Yunus will head the country’s interim government after former Prime Minister Sheikh Hasina stepped down and fled the country amid a mass uprising against her rule led mostly by students. Nahid Islam, a leader of the student group, …

Bangladesh appeals court grants bail to Nobel laureate Muhammad Yunus in labor case
11 months, 1 week ago

Bangladesh appeals court grants bail to Nobel laureate Muhammad Yunus in labor case

Associated Press  

DHAKA, Bangladesh — An appeals court in Bangladesh on Sunday granted bail to Nobel laureate Muhammad Yunus, who had been sentenced earlier to six months in prison for violating the country’s labor laws. Sunday’s court decision said the bail would remain effective until a final decision is made on the appeal for the sentencing. Yunus’ supporters said the case is …

Bangladesh court sentences Nobel laureate Yunus to 6 months in jail. He denies violating labor laws
1 year ago

Bangladesh court sentences Nobel laureate Yunus to 6 months in jail. He denies violating labor laws

Associated Press  

DHAKA, Bangladesh — A labor court in Bangladesh’s capital Monday sentenced Nobel Peace Prize winner Muhammad Yunus to six months in jail for violating the country’s labor laws. Sheikh Merina Sultana, head of the Third Labor Court of Dhaka, said in her verdict that Yunus’ company violated Bangladeshi labor laws. As Yunus is known to have close connections with political …

Bangladesh's anti-graft watchdog quizzes Nobel laureate Muhammad Yunus in embezzlement case
1 year, 3 months ago

Bangladesh's anti-graft watchdog quizzes Nobel laureate Muhammad Yunus in embezzlement case

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Bangladesh’s official anti-graft watchdog Anti-corruption …

176 world leaders and Nobel laureates urge Bangladesh to halt legal cases against Peace Prize winner
1 year, 4 months ago

176 world leaders and Nobel laureates urge Bangladesh to halt legal cases against Peace Prize winner

Associated Press  

DHAKA, Bangladesh — More than 170 global leaders and Nobel laureates have urged Bangladesh’s prime minister to suspend legal proceedings against Muhammad Yunus, who was awarded the Nobel Peace Prize in 2006 for pioneering the use of microcredit to help impoverished people. In an open letter, the leaders, including former U.S. President Barack Obama, former U.N. Secretary-General Ban Ki-moon and …

176 World Leaders and Nobel Laureates Urge Bangladesh to Halt Legal Cases Against Peace Prize Winner
1 year, 4 months ago

176 World Leaders and Nobel Laureates Urge Bangladesh to Halt Legal Cases Against Peace Prize Winner

The Diplomat  

Muhammad Yunus, who pioneered the use of microcredit to help the poor, is being tried on charges of corruption and violating labor laws. Nobel Laureate Muhammad Yunus, founder-manager of the Grameen Bank, Bangladesh, at the Annual Meeting of the World Economic Forum in Davos, Switzerland, January 29, 2009. More than 170 global leaders and Nobel laureates have urged Bangladesh’s prime …

Bangladesh court grants bail to Nobel laureate Muhammad Yunus
5 years, 2 months ago

Bangladesh court grants bail to Nobel laureate Muhammad Yunus

Al Jazeera  

Micro-credit pioneer appears in court over firing of three employees by Grameen Communications, where he is chairman. Micro-credit pioneer and Nobel laureate Muhammad Yunus has been granted bail in Bangladesh over the firing of three employees by Grameen Communications, where he is chairman. Yunus shared the 2006 Nobel Peace Prize with Grameen Bank, which provides small loans to impoverished people. …

Bangladesh court asks Nobel laureate Yunus to surrender
5 years, 2 months ago

Bangladesh court asks Nobel laureate Yunus to surrender

Associated Press  

DHAKA, Bangladesh — Bangladesh’s High Court on Monday asked micro-credit pioneer and Nobel laureate Muhammad Yunus to surrender to a labor court by Nov. 7 over the firing of three employees by Grameen Communications, where he is chairman. The order came in response to a petition seeking a stay of an arrest warrant for Yunus issued by the labor court …

Bangladesh court issues arrest warrant against Nobel laureate Muhammad Yunus
5 years, 3 months ago

Bangladesh court issues arrest warrant against Nobel laureate Muhammad Yunus

India Today  

A labour court in Dhaka, Bangladesh, on Wednesday issued an arrest warrant against Nobel laureate Muhammad Yunus as he failed to appear for a scheduled hearing over sacking of three employees of a company which he heads as its chairman. "Dhaka 3rd Labour Court chairman Rohibul Islam issued the warrant as he failed to appear as the hearing was scheduled …

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