32.2 C
Delhi
Sunday, March 1, 2026

Nobel laureate Muhammad Yunus sued by ACC in money embezzlement case

Date:

Share post:

Dhaka: Nobel laureate Dr Muhammad Yunus has been made prime accused in a case filed by the anti-corruption commission (ACC) over embezzling more than Tk 252.2 million from the workers’ welfare trust of Grameen Telecom.

Twelve others were accused in the case. The deputy director of ACC Gulshan Anwar Prodhan filed the case with the integrated district office in Dhaka. Later the ACC secretary Md Mahbub Hossain informed the media of the matter at a press conference at the ACC’s head office in Segunbagicha.

The other accused of the case are the managing director of Grameen Telecom Md Nazmul Islam, former managing director Md Ashraful Hasan, five directors Parveen Mahmud, Nazneen Sultana,

Md Shahjahan, Nurjahan Begum and SM Hajjatul Islam Latifi, Md Yusuf Ali and Zafrul Hasan Sharif, Grameen Telecom workers union president Md Kamruzzaman, general secretary Firoz Mahmud Hasan and representative Md Mainul Islam.

Dr Muhammad Yunus is the chairman of Telecom.

It is alleged in the case statement that the company didn’t distribute the allotted Tk 455.2 million to their employees from the workers welfare trust. They rather embezzled the money. Besides, Tk 29.77 billion was transferred to different bank accounts belonging to the associated organisations in a bid to launder the funds.

In the press conference, Mahbub Hossain said the deputy director general of the department of inspection for factories and establishments sent a report to the ACC that contained allegations against the board of directors of Grameen Telecom. Later a three-member body was formed on 28 July to investigate the matter. As a part of the investigation, the ACC questioned the six directors of the company in several phases.

In the probe, they found Nobel laureate Dr Muhammad Yunus guilty.

Related articles

India issues advisory for nationals in Israel amid security situation

Tel Aviv: The Embassy of India in Israel has issued an advisory urging all Indian nationals in the...

RBI’s tightened credit norms to reshape proprietary trading: CRISIL

New Delhi: Fresh directions issued by the Reserve Bank of India (RBI) on credit facilities to capital market...

DRDO conducts three successful VSHORADS flight trials at ITR Chandipur

New Delhi: Three successive flight trials of Very Short-Range Air Defence System (VSHORADS) was conducted by the Defence...

Big military campaign ongoing against Iran, says Trump as Israel joins air strikes

Washington/ Tehran: President Donald Trump has described the attack on Iran as "massive and ongoing," as the United...