Nobel Laureate Muhammad Yunus Indicted in Bangladesh Embezzlement Case

Nobel laureate Muhammad Yunus and 13 others were indicted on charges of embezzling over USD 2 million from Grameen Telecom’s workers welfare fund. Yunus, who pled not guilty, claims he is being harassed. The trial is set to begin on July 15 amidst calls for the charges to be dropped.

In Bangladesh, a special judge's court has indicted Nobel laureate Muhammad Yunus and 13 others on charges related to an alleged embezzlement of over USD 2 million. The case is linked to Grameen Telecom’s workers welfare fund.

Yunus, 83, who won the Nobel Peace Prize in 2006 for his microcredit initiatives, denied all charges, claiming harassment by authorities. He is currently out on bail.

The charges pertain to the alleged misappropriation of 250 million takas from Grameen Telecom, which owns a substantial share in Grameenphone. The trial is scheduled for July 15.