Skip to content
Search

Latest Stories

Yunus faces fresh fraud charges in Bangladesh

The Anti-Corruption Commission accused Yunus and 13 others of misappropriating approximately £1.82m from the Grameen Telecom Workers' Profit Participation Fund

Yunus faces fresh fraud charges in Bangladesh

BANGLADESH’S anti-graft agency last Thursday (1) submitted fresh corruption charges against Nobel Prize winner economist Dr Muhammad Yunus, days after a court granted him bail in a case for violating labour laws.

The Anti-Corruption Commission (ACC) accused the 83-year-old economist and 13 others of misappropriating approximately $2.29 million (£1.82m) from the Grameen Telecom Workers’ Profit Participation Fund.


Yunus is the chairman of Grameen Telecom – which he founded in 1983 as a nonprofit organisation. Co-defendants in the case include its directors, managing director and employees’ trade union leaders.

“We have filed the charge sheet against him (Yunus) and 13 others before the Metropolitan senior special judge’s court of Dhaka,” an ACC spokesman told reporters.

The court has set March 3 for an indictment hearing.

Law minister Anisul Huq rejected allegations of harassing Yunus, saying the government did not fabricate any false cases against him.

“Dr Yunus was warned and advised to prevent these violations, but he ignored them. So, the Labour Department filed a lawsuit,” Huq said. “No one is above the law, and if someone commits a crime, they must face the law.”

Yunus won the Nobel Peace Prize in 2006 for his anti-poverty campaign, earning Bangladesh the reputation of being the home of microcredit through his Grameen Bank.

He faces more than 150 other cases, including major corruption charges that could see him jailed for years if found guilty. The economist denies all wrongdoing.

Last week, an appeals court granted bail to Yunus, who was sentenced on January 1 to six months in prison for violating the country’s labour laws. The court also agreed to hear an appeal against his sentencing.

Last Thursday’s charges came days after more than 241 global leaders, including more than 125 Nobel prize winners, expressed their concerns over the “continuous judicial harassment and potential jailing” of Yunus in a third open letter to prime minister Sheikh Hasina.

In response to the global leaders’ previous letter, Hasina recently said the signatories “should send experts, including lawyers, to go through all the documents of professor Yunus and his cases to see if there is any wrongdoing or wrongful prosecution.”

More For You

Wes Streeting

Health secretary Wes Streeting will announce the funding in a speech in Blackpool. (Photo: Reuters)

Reuters

Government to allocate £2.2bn NHS funding to poorest areas in England

THE UK government will allocate an additional £2.2bn to NHS services in England’s most deprived and coastal areas in a move aimed at reducing health inequalities.

Health secretary Wes Streeting will announce the funding in a speech in Blackpool on Wednesday. He is expected to call the investment a significant step towards providing equal standards of care across the country, The Guardian reported.

Keep ReadingShow less
Flying fear therapy bookings soar after Air India crash

Members of Indian Army's engineering arm prepare to remove the wreckage of an Air India aircraft which crashed during take-off from an airport in Ahmedabad, India June 14, 2025. (Photo by BASIT ZARGAR/Middle east images/AFP via Getty Images)

Flying fear therapy bookings soar after Air India crash

RETIRED Air Force officer Dinesh K. has seen a surge in demand for his $500 (£397) therapy course to help people overcome their fear of flying since Air India flight 171 crashed moments after take-off from Ahmedabad two weeks ago.

Dinesh uses a combination of flight simulation and counselling at his Cockpit Vista centre for "fear of flying solutions" in Bengaluru, the only one in India. The centre has received more than 100 enquiries since the disaster, compared to a previous average of about ten a month.

Keep ReadingShow less
F-35A

A US Air Force fifth generation F-35A Lightning II stealth aircraft comes in to land as protesters stage a peaceful demonstration outside RAF Lakenheath on April 17, 2025 in Lakenheath, England.

Getty Images

UK to acquire nuclear-capable F-35A jets for NATO mission

THE UK will reintroduce fighter jets capable of carrying nuclear weapons to support NATO’s nuclear mission, prime minister Keir Starmer’s office said, ahead of a NATO summit on Wednesday.

Britain will acquire 12 nuclear-capable F-35A jets, expanding its current nuclear deterrence capability, which has so far been limited to submarine-launched missiles.

Keep ReadingShow less
Shubhanshu Shukla

Shubhanshu Shukla, 39, an Indian Air Force pilot, is now the first astronaut from India to travel to the ISS. (Photo credit: ISRO Spaceflight)

Shubhanshu Shukla becomes first Indian to fly to International Space Station

INDIAN astronaut Shubhanshu Shukla and three other crew members were launched into space early on Wednesday aboard the Axiom-4 mission. The crew lifted off from NASA’s Kennedy Space Center in Cape Canaveral, Florida, at around 2:30 am EDT (0630 GMT), marking the latest commercial mission organised by Axiom Space in collaboration with SpaceX.

The mission is carrying astronauts from India, Poland, and Hungary to the International Space Station (ISS) for the first time. The launch was carried out using a SpaceX Crew Dragon capsule, named “Grace” by the Axiom crew, mounted on a two-stage Falcon 9 rocket.

Keep ReadingShow less
Zohran Mamdani

Mamdani, a state assemblyman from Queens and the son of Indian filmmaker Mira Nair and academic Mahmood Mamdani, announced his win on Tuesday night.

X/@ZohranKMamdani

Indian-American Zohran Mamdani secures Democratic nomination for New York City mayor

INDIAN-AMERICAN lawmaker Zohran Kwame Mamdani has declared victory in the Democratic primary for New York City mayor, defeating former governor Andrew Cuomo.

Mamdani, a state assemblyman from Queens and the son of Indian filmmaker Mira Nair and academic Mahmood Mamdani, announced his win on Tuesday night.

Keep ReadingShow less