Bangladesh’s official anti-graft watchdog has questioned Bangladeshi Nobel Peace Prize winner Muhammad Yunus over suspicions of money laundering and embezzlement
Bangladesh’s official anti-graft watchdog Anti-corruption Commission on Thursday questioned Muhammad Yunus, who was awarded the Nobel Peace Prize in 2006, involving charges of money laundering and fund embezzlement. Yunus pioneered the use of microcredit to help impoverished people in Bangladesh—a model replicated in many other countries across the world. His legal troubles have drawn international attention, with many observers considering that they are politically motivated.
Hasina responded by saying she would welcome international experts and lawyers to come to Bangladesh to assess the legal proceedings and examine documents involving the charges against Yunus. In 1983, Yunus founded Grameen Bank, which gives small loans to entrepreneurs who would not normally qualify for bank loans. The bank’s success in lifting people out of poverty led to similar microfinancing efforts in many other countries.
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