http://www.theaustralian.com.au/news/world/grameen-bank-investigated/story-e6frg6so-1225986581916
Grameen bank investigated From: AFP January 13, 2011 12:00AM BANGLADESH'S government has ordered a probe into Muhammad Yunus's Grameen Bank. The probe is the latest sign of friction between Prime Minister Sheikh Hasina and the acclaimed pioneer of microfinance. Mr Yunus won the 2006 Nobel Peace Prize for Grameen's much-copied microfinance scheme, which provides small loans to millions of poor people. Grameen Bank was recently cleared after a Norwegian documentary accused it of financial wrongdoing, but Ms Hasina has since said microfinance loans were "sucking blood from the poor". A committee will look into the documentary's allegations that $US96 million ($97.2m) was illegally diverted from Grameen Bank to other parts of the group. The probe comes as the microfinance industry is under fire in neighbouring India over accusations of profiteering through high interest rates and heavy-handed debt collection. [Non-text portions of this message have been removed] ------------------------------------ Post message: [email protected] Subscribe : [email protected] Unsubscribe : [email protected] List owner : [email protected] Homepage : http://proletar.8m.com/Yahoo! Groups Links <*> To visit your group on the web, go to: http://groups.yahoo.com/group/proletar/ <*> Your email settings: Individual Email | Traditional <*> To change settings online go to: http://groups.yahoo.com/group/proletar/join (Yahoo! ID required) <*> To change settings via email: [email protected] [email protected] <*> To unsubscribe from this group, send an email to: [email protected] <*> Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
