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Thursday, April 28, 2011

[chottala.com] Dr. Yunus : 'family affair' : Grameen Bank Review Panel Report



Mr. Waheed A
Mr.  Humayun Ahmed, Prf. Rehman Sobhan,ABM Musa et el have no way
knowing the  "Harir Khobor" (inside stories)  of   Grameen Bank and how it is
run by Professor Doctor Muhammad Yunus.
 
 They may have goot impression & fellow-feeling about our
much acclaimed Nobel  Laureate  Professor Doctor Muhammad Yunus........
based on the publicity and aura that has been created up until recently.
 
Please read and refute the stories in:
with authentic counter-information, if you can !
Dr. Yunus is a "Mani Lok" (পৃথিবী-মান্য) as Humayun Ahmed says.
But, as the cats are comming  out of the bags ...more and more we know,
how the "Mann" has been acheived by the way of deceptions and pretentions.
 ......................TRUTHS are now getting exposed ....
 
Dr. Yunus is no different from many of our  "successful" elites...... 
The deceptions and pretentions are "behind the scene copy-righted Trade Marks"
of our elites (the Shamvranta upper echelon of our society). 
 As you say, "Is there any institution or business house or party which can
boast unblemished record in BD?" 
Success of the fakest has became  the norm in our society ....... all sides
of the Aisle.  Dr. Muhammad Yunus is no exception. He is just smarter .....

 
AbdurRahim Azad
 
PS:
Grameen Bank Review Panel Report
Dhaka, Apr 25 (bdnews24.com) — A five-member fact-finding committee, formed in January on Grameen Bank has submitted its report on Monday.

The inquiry was led by Dhaka University economics professor Dr A K Monaw-war Uddin Ahmad, who specialises in regulatory issues and teaches international trade.

Dr Ahmad's team included central bank deputy governor Nazrul Huda, former deputy Comptroller and Auditor General Rokeya Deen, former bank management professor R M Devnath, and Supreme Court lawyer Mohsin Rashid.

bdnews24.com obtained a copy of the report that is given below.
 
 

 
On Wed, Apr 27, 2011 at 10:15 PM, Waheed Asghar <asghar.w@gmail.com> wrote:

Mr.Azad,pl. read Humayun Ahmed's write on Prof Yunus in today's Prothom
Alo & learn to appreciate a few of whom we may be proud of or one day you
too will  repent,I hope.
Just finding a few articles in papers hell bent on defaming an iconic figure only
because Netri desires so is low.There many more from many famous ones which
are full of praises too. Read columns written by Prf. Rehman Sobhan,ABM Musa,
evaluation reports by Norad,CIDA & many others.Even this committee did not find
any personal gains by Dr Yunus. Is there any institution or business house or party
which can boast unblemished record in BD?Search your own back yard for dead courses before
you witch 



hunt for a perfect angelic person.We have seen enough of the hidden dark side of
most politicinans including Netri during last CTG & how chandabaji from Boshundhara
& others was the norm with them.Kaler Kontho & the other 3 taka paper are in collusion
in this endeavour .We have also seen recently how Abed Khan's yellow journalism was
given a slap & know why & how Nayeem has suddenly changed 180 degrees.Enough said.
Waheed A
On Wed, Apr 27, 2011 at 11:40 AM, AbdurRahim Azad <Arahim.azad@gmail.com> wrote:
Panel points at 'family affair'
 
Dhaka, Apr 25 (bdnews24.com) — Grameen Bank lent money to a packaging company owned by Muhammad Yunus' family members in violation of its purchase policy, says an inquiry report.

The committee report said, "From 1990 to 2005, Tk 96.6 million was transferred from Grameen Bank's SVCF (Social Venture Capital Fund) to Packages Corporation, a family business of Dr Muhammad Yunus."

Formed in January, the five-member fact-finding committee on Grameen Bank—comprising top professionals—submitted its report on Monday.

The report reads, "Grameen Bank waived Tk 13.7 million of the loan in 2006 and played the role of a managing agent of the firm from 1990 to 1997. There are conflicts of interest in buying products and services from the company without any competitive tender, financing the firm, waiving loan and acting as its managing agent."

It said the bank's purchase policy was violated as computer accessories were bought from the packages firm and Grameen Communications.

It added that the bank faced losses when it rent out 11,000 square feet land to Yunus Centre, an organisation owned by Yunus, at a nominal rate.

The inquiry was led by Dhaka University economics professor Dr A K Monaw-war Uddin Ahmad, who specialises in regulatory issues and teaches international trade.

On Jan 4, bdnews24.com published a report, titled 'Family affair!', detailing how the Bank lent money to the packaging company throwing norms to the winds.

The report stated Muhammad Yunus signed a deal for Grameen Bank, granting the microlending entity all rights—just ownership aside—to run and manage the packaging business.

Under the 1990 deal, Packages Corporation was allowed to deploy Grameen Bank employees and managers, to be sent on 'deputation' from the Yunus-run non-profit, to boost dividends for the family business.

His father, Muhammad Dula Meah Saodagor, represented Packages Corporation as its managing director, in an apparent case of conflict of interest. He, along with his sons, owned the company incorporated in 1961 as Pakistan Packages Corporation.

Signed on June 17 1990, the contract was initially valid for 15 years. Three of Yunus' brothers—Muhammad Ibrahim, Muhammad Azam and Muhammad Jahangir—signed as witnesses to the contract between the father and the son, who would secure a Nobel peace prize 16 years later.

In 1997, the management of the packaging business was handed over to Grameen Shamogree, a sister concern of Grameen Bank.

bdnews24.com/rb/ost/nir/2345h

http://www.bdnews24.com/details.php?id=194112&cid=2
 

Related old stories

• Family affair!




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