Bangladesh court indicts Muhammad Yunus and others for embezzlement charges

Bangladesh

country in South Asia Muhammad Yunus

Bangladeshi banker, economist and Nobel Peace Prize recipient

Highlights

Bangladesh court has indicted Nobel laureate Muhammad Yunus and 13 others on charges of embezzlement.
The embezzlement case involves over $2 million.
The accused are facing legal proceedings for the alleged financial misconduct.

Story

A special judge’s court in Bangladesh indicted Nobel laureate Muhammad Yunus and 13 others on charges in an over $2 million embezzlement case. Yunus, known for pioneering microcredit to help impoverished people, pleaded not guilty and is out on bail. The charges involve embezzling funds from Grameen Telecom and money laundering. The trial is set to start on July 15. Yunus was previously sentenced to six months in prison for violating labor laws. Supporters claim he is being targeted due to his strained relationship with Prime Minister Sheikh Hasina, while the government denies the allegations.

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