logo
Bangladesh Muhammad Yunus
Nobel laureate Muhammad Yunus speaks to the media after he was granted bail by a court in an embezzlement case, in Dhaka, Bangladesh, Sunday, Mar. 03, 2024. (AP Photo/Mahmud Hossain Opu)

Nobel laureate Muhammad Yunus is granted bail in a Bangladesh graft case

A court in Bangladesh has granted bail to Nobel laureate Muhammad Yunus in a $2.3 million embezzlement case

By JULHAS ALAM
Published - Mar 03, 2024, 08:09 AM ET
Last Updated - Mar 03, 2024, 08:09 AM EST

DHAKA, Bangladesh (AP) — A court in Bangladesh on Sunday granted bail to Nobel laureate Muhammad Yunus in a $2.3 million embezzlement case.

Yunus, who was awarded the Nobel Peace Prize in 2006 for pioneering the use of microcredit to help impoverished people, was sentenced to six months in prison in January on a separate charge of violating labor laws. He was granted bail in that case too and has appealed.

Prosecutor Mir Ahmmad Ali Salam said the embezzlement case involves a workers welfare fund of Grameen Telecom, which owns 34.2% of the country’s largest mobile phone company, Grameenphone, a subsidiary of Norway’s telecom giant Telenor.

“The charges involve the embezzlement of over 250 million takas and money laundering. The accused gave the money to trade union leaders instead of the workers. This way they deprived the ordinary workers of their rightful earnings,” Salam said.

Our Offices
  • 10kInfo, Inc.
    13555 SE 36th St
    Bellevue, WA 98006
  • 10kInfo Data Solutions, Pvt Ltd.
    Claywork Create
    11 km, Arakere Bannerghatta Rd, Omkar Nagar, Arekere,
    Bengaluru, Karnataka 560076
4.2 12182024