Hasina`s son accuses Grameen Bank of fraud

Sheikh Hasina`s US-based son Sajeeb Wajed has joined the row between the government and Grameen Bank, accusing the latter of fraud.

Last Updated: Mar 09, 2011, 23:00 PM IST

Dhaka: Bangladesh Prime Minister Sheikh Hasina`s US-based son Sajeeb Wajed has joined the row between the government and Grameen Bank, accusing the latter of fraud, theft and tax evasion, a media report said Wednesday.

Sajeeb has accused Grameen founder and Nobel Laureate Muhammad Yunus and his family of embezzlement, New Age said Wednesday quoting from an email sent to international agencies, rights bodies and US officials.

Grameen Bank by Bangladesh Bank, the country`s central bank.

Sajeeb, who calls himself "Adviser to Sheikh Hasina", confirmed being the source of the email, the newspaper said.

Sajeeb has accused Grameen Bank of using "draconian measures" to recover loans.

The bank denied the allegations, calling them "completely false", "utterly misconceived", based on "inaccurate facts" and misleading.

court had taken a narrow legal stand and ignored the contribution made by Yunus.

IANS