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HomeWorldWhy Bangladesh's Nobel laureate is fighting a corruption case

Why Bangladesh’s Nobel laureate is fighting a corruption case

Bangladeshi social entrepreneur, economist, Nobel laureate and civil society chief Muhammad Yunus. Reuters

Muhammad Yunus, the recipient of the Nobel Peace Prize, went earlier than Bangladesh’s anti-corruption physique on Thursday to reply to corruption prices that his attorneys claimed have been a results of a authorities harassment marketing campaign.

Along with his modern micro-credit financial institution, Yunus, 83, is credited with serving to thousands and thousands of individuals escape poverty. Nonetheless, he has a falling out with Prime Minister Sheikh Hasina, who has accused him of “sucking blood” from the underprivileged.

He’s coping with round 175 separate felony and labor tribunal points involving the social enterprise enterprises he based in Bangladesh with the intention of bringing companies to the underprivileged.

Yunus needed to lower brief his journey to the United Nations headquarters in New York to attend the listening to on the Anti-Corruption Fee within the nation’s capital, Dhaka, protection lawyer Abdullah al Mamun advised reporters.

“He is now being interrogated by anti-corruption officials as part of the investigation,” Khaja Tanvir Ahmed, certainly one of Yunus’s legal professionals, advised AFP.

Yunus and 7 officers of Grameen Telecom, a social enterprise agency he based, are accused of cash laundering and embezzling 250 million taka ($2.3 million), in response to prices filed by the fee in Could.

He faces as much as 12 years in jail if convicted.

One other case in opposition to Yunus is at present at trial. His legal professionals have insisted he’s harmless of all prices in opposition to him.

“These cases are all part of the continuous harassment against Nobel laureate Professor Muhammad Yunus,” Ahmed mentioned.

In August, 160 world figures together with former US president Barack Obama and ex-UN secretary-general Ban Ki-moon revealed a joint letter in opposition to the “continuous judicial harassment” of the micro-credit pioneer.

The signatories — together with greater than 100 of his fellow Nobel laureates — mentioned they feared for “his safety and freedom”.

Yunus was awarded the 2006 Nobel Peace Prize for his work selling financial improvement.

He has been credited with serving to eradicate excessive poverty in Bangladesh by providing microfinance loans to tens of thousands and thousands of rural girls via Grameen Financial institution, which he based within the Eighties.

Bangladesh’s anti-graft watchdog final yr ordered a wide-ranging probe into companies that Yunus chairs.

Hasina has attacked him personally, blaming him for the World Financial institution pulling out from a bridge mission close to Dhaka that was mired in corruption allegations.

When the bridge lastly opened final yr, Hasina mentioned Yunus needs to be “dipped in a river” for jeopardising its completion.

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