Direct link to scholarships offered by  Govt. of India

List of Private NGOs offering scholarships

Ibn Sina (Avicenna) - Doctor of doctors

Ibn Sina was born in 980 C.E. in the village of Afshana near Bukhara

Ummid Assistant

Gandhi Fellowship for Nation Building

Welcome Guest! You are here: Home International

Bangladesh to probe charges against Grameen Bank founder

Monday December 06, 2010 06:22:52 PM, IANS

Related Article

'Grameen' Yunus refutes $100 mn anomalies charge

Bangladeshi Nobel Laureate Muhammad Yunus has refuted a charge that he had transferred $100 million aid meant for his micro-credit bank Grameen to other projects. The bank's founder told The Daily Star 

Dhaka: Bangladesh Prime Minister Sheikh Hasina has said her government would investigate the alleged unauthorised fund transfer by Grameen Bank founder Muhammad Yunus.

"Obviously, there should be an extensive investigation," she said Sunday.

"It is time to know what had been going on in the name of poverty alleviation and with the fate of the poor people. You can't hide the truth for a long time," Hasina was quoted as saying by New Age newspaper Monday.

She said the "blood suckers of the poor cannot escape for all time".

She was reacting to an expose in a Norwegian TV programme that alleges that Yunus had violated a contract to transfer funds meant for rural credit for Grameen Bank's other projects.

Yunus, who won the Nobel Peace Prize for his endeavour in rural banking, has welcomed the probe.

The Nobel laureate said in a brief statement issued in Lisbon, Portugal, Sunday night: "The prime minister has called for an investigation into the press reports that have surfaced recently with regard to Grameen Bank.

"I welcome such initiative and I am confident that this will resolve the matter and bring the truth to the citizens of Bangladesh as soon as possible."

Yunus has claimed the transfers were done to ensure "proper use of funds" and "transparency", and that the dispute with the Norwegian government had been resolved.

The prime minister alleged that the micro-financers nurse poverty to run their brisk business.

According to United News of Bangladesh (UNB) news agency, Hasina said: "The micro-financers make the people of this country their guinea pig. They are sucking blood from the poor in the name of poverty alleviation.

The prime minister observed that the poor hardly ever came out above the poverty line after taking loan from the micro-financers.

Hasina alleged that the fund transfer took place to evade tax and that was very unfortunate.

She said at present, the government had a 25 percent stake in the Grameen Bank.







  Bookmark and Share                                          Home | Top of the Page

Comment on this article

E-mail Address:
Write here...

News Pick

Just changing taps helped UAE mosque save gallons of water

Just by changing taps in the ablution area, a mosque in UAE has saved over 15,000 gallons of water a month. Dubai's Abu Hamed Al Gazali Mosque recorded significant saving of water after installing 20 self 

Scheme for a slum-free India to roll out by January

With around 93.06 million people projected to live in slums across India by 2011, the ambitious Rajiv Awas Yojana (RAY) meant to provide housing to the urban poor is expected to roll out by January, officials say. Under  

Shutdown in parts of Hyderabad on Babri anniversary

Parts of Hyderabad Monday remained shut in response to a call given by Muslim organisations to mark the 18th anniversary of the demolition of Babri Masjid in Ayodhya. Shops, business establishments and 

Rights groups slam police action against Tehelka reporter

As many as 32 NGOs and Civil Rights groups have extended support to the Tehelka reporter who is facing criminal charges for her report published in the latest issue of the fortnightly magazine. Criticizing the police action  

Palestine: Abbas threatens to dissolve 'self-rule' government  

Brazil recognises Palestine, Israel disappointed

Turkey: Palestine must be admitted into UN as a respected country

End parliament logjam: Speaker to MPs at car rally

Parliament's young turks - some 40 of them - from across the political divide took to the wheels Sunday for a car rally for safe driving, and Lok Sabha Speaker  

'Opposition causing Rs 78 cr loss to Parliament a day'

More Headlines

A hotel where 5 kg gold is used yearly for decoration

Photo album fast turning into a relic

India to improve rail-road links to Bangladesh: Officials

India, France in pact for two n-reactors, unite against terror

Just changing taps helped UAE mosque save gallons of water

Scheme for a slum-free India to roll out by January

Supreme Court issues notice to CVC Thomas

Shutdown in parts of Hyderabad on Babri anniversary

Poverty-stricken woman kills kids, self

Gulf foreign ministers meet to set GCC agenda

Rights groups slam police action against Tehelka reporter

Student dies while watching horror movie

End parliament logjam: Speaker to MPs at car rally




Top Stories

Gulf foreign ministers meet to set GCC agenda

The foreign ministers of the Gulf Cooperation Council (GCC) have met to hammer out the agenda of the 31st summit of the grouping here Monday. The meeting Sunday was chaired by UAE Foreign Minister Sheikh Abdullah bin Zayed Al Nahyan.  

'GCC summit an opportunity to relaunch itself in Arab world'

UAE seeks unified currency for GCC


Picture of the Day

President MRs. Pratibha Devisingh Patil, Vice President Mohd. Hamid Ansari, Prime Minister Dr. Manmohan Singh and other dignitaries after paying tributes to Dr. B.R. Ambedkar on his Mahaparinirvan Diwas, in New Delhi on December 06, 2010.

(Photo: Viney Bhushan)


  Most Read

India, France in pact for two n-reactors, unite against terror

French President Nicolas Sarkozy Monday vigorously pitched for India's claim for a permanent seat on the UN Security Council as the two sides launched a new phase in their civil nuclear cooperation by 

Poverty-stricken woman kills kids, self

A poverty-stricken woman first poisoned her three children and then committed suicide by consuming pesticide at their home in Chhattisgarh's Bilaspur district. Two of the kids died while the third is battling for life, police said Monday. Sunita, 32, poisoned her children - Jintu Kumari, 8 



RSS  |  Contact us

| Quick links



Subscribe to

Ummid Assistant






About us




Government Schemes











Contact us





      Disclaimer | Terms of Use | Advertise with us | Link Exchange is part of the Awaz Multimedia & Publications providing World News, News Analysis and Feature Articles on Education, Health. Politics, Technology, Sports, Entertainment, Industry etc. The articles or the views displayed on this website are for public information and in no way describe the editorial views. The users are entitled to use this site subject to the terms and conditions mentioned.

2010 Awaz Multimedia & Publications. All rights reserved.