Yunus rubbishes accusation of lobbying against WB
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Yunus rubbishes accusation of lobbying against WB

Last Updated: Saturday, October 22, 2011, 19:46     A- A A+
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Yunus rubbishes accusation of lobbying against WB Dhakal: Bangladeshi Nobel laureate Muhammad Yunus has dismissed accusation that he had lobbied with the World Bank against funding the country's largest bridge project after he was forced to quit the Grameen Bank following a protracted row with the government.

"I would like to categorically state that this allegation is completely untrue and without basis. The building of the Padma Bridge has been a dream of all Bangladeshi people for many, many years," he said in a statement today.

The 71-year-old microcredit pioneer rejected as "baseless" the allegations that he had lobbied with the World Bank against funding the bridge project over Padma river, the local name of the Ganges.

"It is totally contrary to my life's work and belief to think of anything that might even remotely harm this development initiative," the media quoted Yunus, who is now on a visit to Moscow, as saying in the statement.

The statement came after Prime Minister Sheikh Hasina, who without directly naming Yunus, told a rally that "a Bangladeshi Nobel laureate" had lobbied with the World Bank through a top US official against financing the project for the 6.15-kilometre bridge, a key key election pledge of the Hasina-led government.

The government has been faced with uncertainties over the funding of the mega structure that is to connect the largely isolated south western region with rest of the country as the World Bank decided to suspend the funding pending allegations of corruptions.

Reports said the Bank earlier this month halted a USD 1.2-billion credit line for the USD 3 billion bridge, the country's costliest project, amid fears of corruption issues.

Yunus, who won the Nobel Peace Prize in 2006 with microlender Grameen Bank which he founded to combat poverty, said it was simply preposterous to suggest that an institution like the World Bank would act so drastically because someone asked it to do so.

Yunus stepped down in May last year as the managing director of Grameen Bank, severing links with the pioneering micro lending agency he founded nearly three decades ago after he lost his final legal battle in the apex court to thwart a Bangladesh Bank decision to remove him from the position.

Analysts said the removal of Yunus came as he apparently developed friction with the prime minister over "political ambition".

PTI

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First Published: Saturday, October 22, 2011, 19:46

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TiredBangladeshi - Libya
Enough is enough. Personal vendetta and unmitigated jealousy is blinding Ms. Hasina. Give us all a break. Is this why we elect leaders- to treat the country as their personal property?
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Qazi - Dhaka
Hasina is trying to shift the blame of corruption and failure onto Yunus. She is also trying to tarnish the image of Yunus to Bangladeshi voters so Yunus cannot become a politcal threat for her in future.
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