Thursday, January 13, 2011

Bangladesh opens probe into micro lender allegations - The Times of India

Bangladesh opens probe into micro lender allegations - The Times of India:
"Last week, prime minister Sheikh Hasina accused Yunus of resorting to a 'trick' to avoid paying taxes. Yunus has said he would welcome an investigation into the allegations to 'bring the truth to the citizens of Bangladesh as soon as possible'....

The allegations come at a time when micro lending faces political hostility in several developing countries including India where politicians have accused the bankers of profiteering from the poor.

Yunus, dubbed 'banker to the poor', was awarded the 2006 Nobel Peace for providing the programme of small loans which has led to the creation of similar programmes in other developing countries."

No comments: