In a statement, Grameen Bank disputed the reasons put up by the Yunus Center regarding the complaints it had received against Muhammad Yunus. The bank claimed that the center’s retort to the bank’s concerns contained several inconsistencies and legal misunderstandings.
Muhammad Yunus and his collaborators were previously accused of financial irregularities and wrongdoing by Grameen Bank management, who submitted evidence and records to the anti-corruption commission.
The Yunus Center responded to their complaint on May 30 by voicing disagreement with the points made by Grameen Bank.
The GB’s statement said the Yunus Center protested Grameen Bank’s allegations without any specific legal arguments or evidence.
About the PLC loan, Grameen Bank said in the nineties, when Dr. Yunus was the managing director of Grameen Bank, a business company based in Chittagong, Packages Corporation Limited (PCL), was given a loan of about 9.5 crore Bangladeshi Taka, without complying with the rules and regulations of Grameen Bank. Note that Packages Corporation Limited is a business owned by Dr. Yunus and his family.
Yunus Centre’s explained that in the bilateral agreement signed between Grameen Bank and Packages Corporation, it is made very clear that the owners of Packages will not take any kind of financial benefits from Grameen Bank, such as ‘share of dividend’, rent of land, use of buildings and machinery Everything will be given for free.
