Tag: Grameen Bank
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Yunus’ personal gains using the Chief Adviser’s position
Nobel laureate and former Grameen Bank Managing Director Muhammad Yunus boosted his career and businesses and received local and international awards during different government tenures since 1976. He took the help of Abul Maal Abdul Muhith to turn his Grameen Bank Project into a government-owned bank in 1983. In 1990, he revised the Bank’s law…
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Muhammad Yunus: A pro-Pakistani fraudster since childhood
August 13, 1947. The Pakistani crescent-starred flag and white-green festoons were flying on the streets and houses of the Boxirhat area of Chittagong city; political speeches and “Pakistan Zindabad” slogan by thousands of locals filled the entire area. Before midnight, fireworks were set off from the roof of a two-storey house at 20 Boxirhat Road…
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Yunus and Grameen Bank won the Nobel Prize despite massive blunders
-He was far above accountability due to his fame and prestige-A sign of personal interest, arbitrariness and nepotism-He frequently traveled abroad for personal gain and publicity-He acted capriciously even during the bank’s deep crisis-He disabled Board members by destroying chain of command-He was reluctant to hand over power and responsibilities-He followed inhumane policies in promotions…
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