Fund embezzlement case against Dr Yunus, probe report Jan 3

Nobel laureate dr. Muhammad Yunus

The Metropolitan Sessions Judge Court of Dhaka today fixed January 3 for submitting probe report in a case filed against Grameen Telecom Chairman and Nobel Laureate Dr Muhammad Yunus and 12 others for allegedly embezzling Tk 25 crore from the fund of the company.

Metropolitan Sessions Judge Asaduzzaman fixed the date afresh as the investigation agency Anti-Corruption Commission (ACC) could not submit the report on Sunday.

On May 30, Deputy Director of the ACC Md Gulshan Anwar filed the case with its Integrated District Office Dhaka-1. 

Other accused in the case are- Grameen Telecom Managing Director Nazmul Islam, Directors Ashraful Hasan, Naznin Sultana, Parvin Mahmud, Md Shahjahan, Nurjahan Begum and SM Huzzatul Islam Latifee, Sramik-Karmachari Union President Md Kamruzzaman and General Secretary Firoz Mahmud Hasan, lawyers Zafrul Hasan Sharif and Yusuf Ali and representative Md Mainul Islam.

According to the case documents, a decision was made on the company's 108th board meeting, presided over by Dr Yunus on May 9 of last year, to open a bank account at Gulshan branch of Dhaka Bank Limited. But, it was found that the account was opened a day before the decision was made.

More than Tk 26 crore was transferred to the account on different occasions, as per ‘fake settlement agreements’ and decision of the board. But before even distributing the share of the company’s profit to the workers, and letting them know, the accused allegedly embezzled an amount of about Tk 25 crore from the fund. - Special Correspondent