Dr Yunus commits punishable offence by violating company act

Nobel laureate Dr Muhammad Yunus has allegedly committed punishable offense through violating the company act of the country.

The economist is facing a plenty of allegations, including money laundering; corruption and violation of human rights. All the allegations have been proved by courts.

Dr Yunus was also accused of giving speed money to some government officials to get favour from judges in some cases under trial.

He has made ‘illegal’ partnership with a group of brokers to deal the speed money for influencing the verdict in his favour.

The economist made inhuman torture to the labour at his different business venture. He siphoned off millions of dollar abroad in name of social business.

Apart from amassing wealth abroad, Dr Yunus allegedly invested ‘a huge portion of earnings’ in lobbyist firm to run anti-state campaign.

On behalf of Grameen Telecom, Dr Yunus submitted annual return to Registrar of Joint Stock Companies & Firms (RJC) with ‘false’ statement.

As a non-profit organisation, Grameen Telecom can’t share any profit with Grameen Kalyan.

However, it’s proved hat the company transferred millions of taka to Grameen Kalyan as profit sharing. Submitting wrong information is an offensive crime under the paragraph 397 of company act.

On directive of Dr Yunus, officials and lawyers of his ventures submit return to RJC with wrong statement for over the years.

There is yet to file any case on such offense of the economist. If the allegation will come under independent investigation, Dr Yunus will be sentenced five-year jail for violating company act.

Another issue has come into light that Grameen Telecom obtained licence as a ‘non-profit’ company from RJC. However, the company continues ‘profit sharing’ with different ventures of Dr Yunus.

If the financial transaction will come under scan, the company may lose its ‘non-profit’ title. RJC has authority to scrap the licence of Grameen Telecom for violating rules.