12 Jan '11, 11am

#bdnews #bangladesh Bangladesh opens probe into microlender allegations: (Adds Grameen bank statement) DHAKA, Ja...

DHAKA, Jan 12 - Bangladesh began on Wednesday investigating allegations that Nobel Prize winning microlender Grameen bank had illegally diverted aid funds after a Norwegian television documentary cast doubts about its tax records. Last year's documentary said Grameen, led by Nobel Peace Prize winner Muhammad Yunus, had for tax purposes shifted funds provided by Norway's aid agency in the 1990s from one legal entity to another. The government appointed on Wednesday a committee to handle the investigation, officials said, and it will start work immediately. Newspapers said it had three months to submit a final report. "The investigation is not to malign any individual or agency but to clarify the confusion and dig out the truth," a senior Finance Ministry official said. The committee is headed by Dhaka University economics professor, A.K.M Monowaruddin Ahmed The documentary ...

Full article: http://sg.news.yahoo.com/rtrs/20110112/tbs-bangladesh-yun...

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straitstimes.com 12 Jan '11, 11pm

'I never thought that I would ever own my own business. This is a lesson out there for all the people who always think tha...

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straitstimes.com 18 Jan '11, 8am

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