Inside Bangladesh

Grameen Bank responds to allegations of Dr. Yunus

Publish: 08:23 PM, 16 Feb, 2024


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Grameen Bank issued a press release on Thursday (Feb 15) refuting the accusations made by Dr. Muhammad Yunus regarding the Grameen institutions, terming them as misleading, false, illegal and deliberate.

According to the media release, the Grameen Bank Board of Directors recently undertook initiatives to establish the legal rights of its impoverished and landless members.

In the 155th board meeting held last Monday (Feb 12), the chairman and a specified number of directors were nominated to the boards of seven institutions, including Grameen Telecom and Grameen Kalyan.
 
However, Dr. Muhammad Yunus allegedly made several misleading and untrue statements during a press conference, which Grameen Bank believes undermines the rights of its 1.05 million members and their families. Therefore, the bank deemed it necessary to clarify its position and provide accurate information on the matter.
 
According to Grameen Bank authorities, the bank possesses the legal authority to appoint a chairman and a specified number of directors in institutions created with its financial cooperation and benefits. Detailed references supporting this claim are provided in the Articles of Association of Grameen Telecom (Articles 51, 35(iii), 51) and Grameen Kalyan (Article 32(iii)), as well as Article 48 of the Articles of Association.
  
Grameen Bank asserts that Dr. Yunus was nominated as the chairman of Grameen Telecom in 1995 and Grameen Kalyan in 1996 in accordance with the Articles of Association of these institutions. This nomination process continued with the recent nominations made during the 155th board meeting.
 
Contrary to Dr. Yunus's claims during the press conference, Grameen Bank refutes the assertion that its power to nominate directors was abolished by changes to the Articles of Association of Grameen Telecom and Grameen Kalyan in 2009. The bank labels Dr. Yunus's statement as false, fabricated, misleading, and deliberate.
 
Besides, Dr. Yunus's claim of ownership over Grameen Bank and the institutions it created is challenged by Grameen Bank, which states that such assertions conflict with the interests of its 1.05 million borrowers, are unethical and violate the law.
 
The bank says that Grameen Bank is a statutory body established by the Grameen Bank Ordinance 1983, owned by the Government of Bangladesh and its borrower shareholders, a matter that has been affirmed by the Appellate Division of the Supreme Court.
  
Besides, Grameen Bank contests Dr. Yunus' assertion that institutions or banks created by government order cannot legally establish or own private limited companies. The bank argues that the establishment of Grameen Kalyan was proposed by Dr. Yunus himself during the 42nd board meeting held on April 25, 1996, while he served as the managing director of the bank.
 
In line with the legal provisions, representatives from the bank visited six institutions located in the Grameen Telecom Building to implement the decision of the 155th board meeting.
 
Despite Dr. Yunus's allegations of extortion during the press conference, Grameen Bank states that its representatives were welcomed and cooperated with on that day. They handed over the decision letter of the Grameen Bank board meeting to the higher authorities of the institutions in accordance with the rules.
  
The Board of Directors of Grameen Bank expresses hope that the decisions made during the board meeting will contribute to fulfilling the commitment upon which Grameen Bank was established, for the greater welfare of the rural poor and to protect their interests.
 
Earlier, Dr. Yunus, along with Managing Director of Grameen Telecom Nazmul Islam and Managing Director of Grameen Kalyan AKM Moinuddin Chowdhury, held a press conference at Grameen Telecom Bhawan in Mirpur of the capital on Thursday afternoon, where Dr. Yunus claimed that every institution in the building was established with profits from business activities and thus beyond Grameen Bank's jurisdiction.


Grameen Bank   Dr. Muhammad Yunus  


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Inside Bangladesh

Is Bangladesh the second address of the Taliban?

Publish: 07:53 AM, 26 Jul, 2024


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Last week, widespread violence and destruction unfolded across Bangladesh, centered in Dhaka. This has raised a pertinent question: Is Bangladesh witnessing the rise of extremism akin to the Taliban? Is Bangladesh potentially becoming a second home for the Taliban?

From July 17th to July 21st, incidents of unrest and violence have occurred across the country. Upon analysis, it is evident that the main instigators behind all these events are the anti-independence Jamaat, Shibir, and some militant organizations. Evidence suggests that professional militants have attacked various important establishments such as BTV, Metro Rail, and Elevated Expressway. Particularly concerning is the incident where militants managed to escape from Narshingdi jail, which raises several questions.

During this agitation (quota reform movement), BNP and its student wing were certainly involved, but they were supportive forces. Towards the end, with hopes of profiting and causing the government's downfall, they appeared on the field as allies of Jamaat-Shibir's B Team. However, the entire planning and execution of this movement were orchestrated by Jamaat, Shibir, and professional militants. This raises the question whether Bangladesh is witnessing a resurgence of terrorism. Because all these incidents have been orchestrated in such a manner that they couldn't have been carried out without the involvement of trained terrorists. This incident has made it clear that in Bangladesh, extremist, blind faith-driven, and reactionary groups remain active and have abundant weapons at their disposal.

In Bangladesh, there have been various instances of attempts to promote terrorism. Particularly in 2001, after the BNP-Jamaat alliance came to power, terrorism was encouraged and supported.

Research reveals that during that time, Bangla Bhai, along with Sheikh Abdur Rahman, led all the terrorists, who were under the parole of Jamaat and controlled by Jamaat. All these militant organizations orchestrated bomb attacks nationwide at that time. They carried out bomb attacks in court premises. Subsequently, various efforts were made gradually to curb terrorism. Upon assuming power, the Awami League government took a stern stance against terrorism. However, the Holy Artisan incident opened everyone's eyes. It became evident that terrorism still maintains a strong presence in Bangladesh.

After the Holy Artisan incident, the government adopted a zero-tolerance policy against terrorism and granted special importance to counterterrorism efforts. However, this did not eradicate terrorism completely. Terrorists became active from various locations, especially in the hilly areas where there have been reports of terrorist training camps. Due to all these reasons, it is believed that terrorists have reorganized and are attempting to overthrow the government. Following the unrest in July, it seems terrorists are now more organized than ever before. Therefore, they must be thwarted immediately. Failure to do so may turn Bangladesh into another Afghanistan in the days to come.



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Inside Bangladesh

IU closed until further notice, students asked to vacate halls


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Citing clashes and fatalities at various universities across the country over the quota reform movement, Islamic University (IU) has been closed indefinitely, prioritizing the safety of its students.

This decision was made at the 264th emergency syndicate meeting held on Wednesday (July 17th) at 10:30 AM, presided over by the Vice Chancellor Professor Dr Shaikh Abdus Salam.

A notice was issued, signed by IU acting registrar HM Ali Hasan in this regard.

Registrar’s Office Sources informed that considering the unforeseen circumstances arising at various educational institutions across the country, all academic activities of Islamic University will remain suspended until further notice, prioritizing the overall safety of the students. Male students have been instructed to vacate their hall by 1:00 PM on July 17 and female students by Thursday (18th July) 10:00 AM.


IU   Student Protest  


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Inside Bangladesh

9 killed as microbus, auto rickshaw plunge into Barguna river

Publish: 02:18 AM, 23 Jun, 2024


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At least nine people were killed and several others injured as a microbus, carrying a bridal party, plunged into a river after a bridge collapse in Amtali upazila of the district today.

The deceased were identified as Rubia ,45, wife of Rakibul Howladar, Raiti Khan,22, wife of Sohail Khan, Fatema,35, wife of Babul Matbar, Shahnaz Akhtar, 37, wife of Abul Kalam, and her  two daughters Tahiyat Mejbin, 7, and Tasfia Mubassera, 12, Farida Begum,48,  wife of Fazlur Rahman Khan, residents of  Kokararchar village of  Shibchar upazila in  Madaripur district,  Zakia, 35 ,   wife of Zahirul Islam and her  daughter Rukaid Islam, 5, resident of Taktabunia village of Amtali Upazila Haldia Union in Barguna district.

The accident occurred when they were going to attend a wedding ceremony in Amtali Municipal Town on a microbus while crossing the connecting bridge of Chawra Union and Haldia Union of the upazila around 2:30 pm this afternoon as the bridge collapsed into the Subandhi river, leaving at least 20 people injured, officer-in-charge (OC) of Amtali Police Station Kazi Tofazzal Hossain Tapu said.

Later, fire service and police personnel rescued the injured and took them to Amtali Upazila Health Complex where on-duty doctor declared nine of them dead, he said.

Golam Sarwar Tuku, MP of Barguna-1 constituency and Deputy Commissioner Rafiqul Islam visited the spot.

The bodies will be handed over to theirs family members after legal process, The OC added.


(Source: BSS)



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Inside Bangladesh

Farewell darbar held for outgoing army chief

Publish: 02:12 AM, 23 Jun, 2024


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The outgoing Chief of Army Staff General SM Shafiuddin Ahmed received farewell ‘darbar’ here today.

He also exchanged views with the military officers, junior commissioned officers (JCOs) and other army personnel of different ranks, according to an ISPR press release.

Army personnel from all cantonments participated in the darbar through Video teleconferencing (VTC), the release added.

In his farewell address, the Army Chief expressed his special gratitude to Prime Minister Sheikh Hasina, saying that the Bangladesh Army has stood with its head high before the world today as a modern and smart force due to the sincere efforts of the premier.

He also expressed his sincere gratitude to all concerned for their full cooperation during discharging duties.


(Source: BSS)



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Inside Bangladesh

Over 17 lakh people marooned in Sylhet, Sunamganj floods

Publish: 02:07 AM, 23 Jun, 2024


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A devastating floods in Sylhet and Sunamganj inundated much of two northeastern districts leaving over 17 lakh people stranded and damaging standing crops and infrastructures.

 
Residents and officials of local administrations told BSS that 17,57,222 people have been marooned in Sylhet and Sunamganj districts as this year's second spell of flood submerged vast swaths of the two district creating huge suffering of the people.
 
Among the total people, who are marooned by flood water, 7.92 lakh people are in Sunamganj and 9.64 lakh people are in Sylhet, they added.
 
Officials of Sylhet district administration said the first spell of flood affected thousands of people in 13 upazilas and municipalities of Sytlhet district in late May and the flash flood prolonged first week of the current months leaving a large number of people marooned.
 
The authorities have set up 6,392 shelter centres after the second round of flood hit Sylhet and Sunamganj districts. As flood water started receding, people are going to home from shelter centres.
 
The Sunamganj district administration sources said flood water submerged 11 upazilas and Sunamgaj municipality.

Mayor of Sylhet City Corporation Anwaruzzaman Choudhury said, "Volunteer teams of city corporation are working to extend assistances for flood-hit people. We have arranged adequate amount of food at shelter centres."

A devastating flood, triggered by heavy rainfall and onrush water from hilly regions, have affected 20 lakh people in Sylhet and Sunamganj districts, according to a statement of UNICEF issued today.

 The statement, signed by Sheldon Yett, UNICEF Representative to Bangladesh, read among 20 lakh flood affected people in two northeastern regions - Sylhet and Sunamganj - 7.72 lakh are children.
 
The UNICEF called for emergency assistances for flood-hit children as they (children) are the venerable segment of the population in case of any natural disaster.

Sheldon Yett said, "When flood waters are in rising trend, unsecured condition has created for children. They face different problems including drowning, malnutrition and various water-borne diseases."

The UNICEF in cooperation with of Bangladesh government and other organization working at field level have distributed safe drinking water among one lakh flood-hit people in Sylhet and Sunamganj to reduce their suffering.

Alongside distribution of drinking water, the UNICEF also distributed over 10 litre capacity 3000 water pots for the people in food-hit regions.

According to the UNICEF statement, 810 primary schools in Sylhet Division have been submerged by flood water while 500 primary schools are used as shelter centre for flood-affected people. As many as 140 community clinics have been damaged by flood waters in the Sylhet region, it added.
 
 Water levels at 59 river stations monitored by Flood Forecasting and Warning Centre (FFWC) have marked rise while 48 stations recorded fall.

Among the 110 monitored river stations, two have been registered steady and water levels at seven river stations are flowing above the danger level, a bulletin issued by the FFWC said here today.

The Teesta River is flowing at 15cm above danger level at Kaunia station while the Surma at Kanaighat, the Kushiyara at Amalsad, at Sherpur-Sylhet and at Markuli, the Old Surma at Derai and the Someshwari at Kalmakanda are flowing 35cm, 15cm, 18cm, 39cm, 23cm and 34cm are flowing respectively.

The Ganges-Padma rivers are in rising trend, which may continue in the next 72 hours, the bulletin said, adding that the major rivers in the North-eastern region of the country are in falling trend which may continue in the next 72 hours.

Overall improvement of the flood situation in various low-lying areas under districts of the North-eastern part of the country may continue in the next 72 hours.

According to the information from meteorological organisations, low to medium rainfall in next 24 hours and medium to heavy rainfall in the next 48 to 72 hours is expected in the Northern and adjoining upstream parts of the country.

As a result, the water level of Dudhkumar, Teesta and Dharla rivers in those regions may fall in the next 24 hours which may rise in particular time in the next 48 to 72 hours.



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