Home ›› National

Grameen Bank submits allegation to ACC against Yunus

TBP Online
26 May 2024 19:21:10 | Update: 26 May 2024 19:25:23
Grameen Bank submits allegation to ACC against Yunus
— File Photo

Grameen Bank has submitted an allegation to the Anti-Corruption Commission (ACC) against founder of the bank Dr Muhammad Yunus for his involvement in graft and irregularities during his tenure at the bank.

A report of a high-level review committee of the Bank and Financial Institute Division under the Finance Ministry and a comprehensive audit report (1983 to 2023) of an audit firm enlisted by Bangladesh Bank found various documentary evidence of massive corruption in providing loan, credit waiver and work permits to Packages Corporation Limited (PCL), reports BSS.

Packages Corporation Limited (PCL), a business entity of Dr Yunus and his family located in Chattogram, a Grameen Bank press release signed by incumbent Managing Director of the Bank Nur Mohammad said here on Sunday.

During his tenure as Managing Director of the bank, Muhammad Yunus provided various illegal privileges for his family printing press PCL since 1990 violating laws and misusing his power aiming to gain personal and family interest, it said.

The graft allegation has been submitted to the ACC against Dr Yunus as per the opinion of legal advisors and the decision of Grameen Bank’s governing body, it added.

×