Khalid Umar Malik
01 Jun 2023, 20:44 GMT+10
DHAKA, Bangladesh - The Anti-Corruption Commission (ACC) has filed a case against 13 members of Grameen Telecom's board of directors, including Nobel laureate Dr. Muhammad Yunus, for allegedly stealing money from workers.
On Tuesday, a senior ACC source confirmed the story to the press.
During its investigation, the anti-graft watchdog discovered evidence of the board of directors embezzling Tk25.22 crore (2,351,758 dollars).
Earlier, the ACC formed a three-member panel to investigate the allegations against Grameen Telecom's four board members, including Nobel laureate Dr. Muhammad Yunus.
According to ACC Secretary Mahbub Hossain, there are allegations against the four directors of Grameen Telecom's board of directors regarding a transfer of approximately Tk3,000 crore to various affiliate organizations.
According to the complaint, most of Grameen Telecom's transactions since 1996 are suspicious.
Furthermore, during an inspection visit to Grameen Telecom, the department discovered that 101 workers and staffers who were supposed to be made permanent staff had not been.
No participation fund or welfare fund was established for them, and 5% of the company's profits were not distributed to the workers as required by law.
A case was filed under relevant sections of the Labour Act in response to the complaint.
Yunus founded Grameen Telecom, which owns a multibillion-dollar stake in Bangladesh's largest mobile phone industry.
He is credited with eradicating extreme poverty in Bangladesh by providing microfinance loans to tens of millions of rural women through Grameen Bank, which he established in the 1980s.
He received the Nobel Peace Prize in 2006 for his work promoting economic development but was forced to resign as the bank's managing director in 2011.
Yunus lost a subsequent legal challenge to his removal.
Get a daily dose of Los Angeles Herald news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Los Angeles Herald.
More InformationBEIJING, China: A respected Uyghur scholar, known for her extensive work in studying Uyghur folklore and traditions, has been sentenced ...
BEIJING, China: Local authorities said a fire at the Shanjiaoshu coal mine in Guizhou province, southern China, killed 16 people ...
MADISON, Wisconsin: Last week, five flamingos were seen along a Lake Michigan beach in Wisconsin, attracting a large crowd of ...
LONDON, UK: The UK government said over the weekend that it could downscale the scope of the High Speed 2 ...
LAHAINA, Hawaii: This week, officials are expected to begin lifting restrictions on entry to the burn zone in Lahaina, Hawaii, ...
LONG ISLAND, New York: On Thursday, a bus carrying members of a high school marching band traveling to a music ...
WASHINGTON D.C.: This week, the U.S. Department of Health and Human Services (HHS) said that from September 25, it will ...
FREMONT, California: This week, brain-chip startup Neuralink, owned by billionaire Tesla CEO Elon Musk, said an independent review board granted ...
(Photo credit: Rob Schumacher/The Republic / USA TODAY NETWORK) Colorado was just shellacked by one Top 10 team, and another ...
(Photo credit: David Kohl-USA TODAY Sports) The Toronto Blue Jays, whose recent hot streak has them holding the second American ...
(Photo credit: Isaiah J. Downing-USA TODAY Sports) Nolan Jones homered among his two hits, Brendan Rodgers had three hits and ...
(Photo credit: Andrew Wevers-USA TODAY Sports) Colorado safety Shilo Sanders, the son of coach Deion Sanders, had to be taken ...