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Grameen Again: A State vs An Individual August 7, 2012

Posted by bdoza in BANGLADESH, GOVERNANCE.
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The Council of Minister of Bangladesh has adopted a proposal on 2nd August 2012 to amend the Grameen Bank Ordinance 1983 to reduce the power of Board of Directors to select the Managing Director of the Bank and to empower the Chairman of the Bank to nominate the same on his own choice.
The proposals also include clauses that question the legality of Dr. Mohammad Yunus to enjoy the financial benefit after
the age of 60 yr that he had served as MD of the Bank. The Council of Ministers also asks the NBR to check the money he earned as wage earner and tax that he had evaded for that.

Dr. Yunus has expressed fear and frustration over the move of the Government as it will destroy Grameen Bank and deprive its women shareholder their due right and ask the countrymen to step forward to save the bank.

Dr. Kamal Hussain, an eminent jurist and an author of Bangladesh Constitution, wonders why Government is out to damage the reputation of Dr. Yunus . Dr. Hussain Zillur Rahman, an economic researcher and an Ex-Adviser to the Caretaker Government and Dr. Mirza Azizul Islam, ex-Finance Adviser to the last caretaker government also criticized the move of the Government.
In an editorial,Daily Star, the English daily cautioned that the amendment will undermine the Grameen Bank and the move will end in politicization.

The US also expressed its worry at Government actions on Grameen Bank and it sees the move as a disregard to the request Hillary Clinton made in her last visit to Bangladesh a few months back.

An ordinary citizen

Post script:

7th Aug 2012
NBR men swoop on 54 Grameen entitis

8th August 2012

NBR finds no wrongdoing in taxes by Grameen or Dr. yunus.

9th Aug 2012
58 leading women leaders ask Government to leave Grameen Bank as it is and not to change the ordinance and deprive the owners

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Comments»

1. Ahmed Sharif - September 1, 2012

It is very sad what the government is doing to Grameen Bank and how it is trying to defame Dr. Yunus. However, I feel that the people now have more support and respect for Dr. Yunus due to the governments actions.


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