True story of Grameen Bank and Yunus
Sunita Paul
Professor Muhammad Yunus, after receiving the Nobel Peace Prize came into focal point of global media and now he is pretending to be the neo 'Mother Teresa' of today's world. But, most of the world citizen shall never know the real stories of this man's crockery and how he is continuing to swindle poor people's money for decades.
I had no taste of writing on this bad guy even two days back. But, when I listened to a report in Voice of America on May 1, had to set my fingers on computer key board to investigate and write about the unknown stories of Mohammed Yunus.
Yunus continues to claim himself as a 'Professor'. But, according to several academics in Bangladesh, this man never taught in any of the college or universities in Bangladesh. Who gave him this title remains a mystery unfold.
Grameen Bank, although won the Nobel Peace Prize in 2006, it is well documented fact that, in reality, this organization is a Shylock of modern days. Poor people are lured in borrowing money from this institution while, various severe methods of pressure and social humiliations are applied on the borrowers in extracting interest and the capital amount. Although Yunus claims to give money to poor without interest, it is again well documented that Grameen Bank's rate of interest ranges between 18-30 per cent. Many poor borrowers committed suicide when they failed to repay the interest or loan money. At least two dozen cases are in document where husbands had to sell their wives to brothels for collecting the money to repay the loan and interest to Grameen Bank. Few hundred cases are in document where Grameen Bank people took away tin made houses of poor borrowers as they failed to pay the interest.
Yunus claims that he provided mobile phones to poor women in the villages. Yes, he established a cell phone company named Grameen Phone under joint venture ship with Nortel (Norway). Initially people were forced to pay TK. 7 per minute for all out going calls. Yunus run virtual monopoly business by extracting such high charges from the people of Bangladesh. In villages too, his company charged heavy rates from the poor women. But, when a number of private companies like Banglalink, Aktel, Citicell and Warid came in business, now Grameen Phone has to also reduce the rate to only TK. 0.25 per minute to cope with the competition. Now imagine, before entering competition, this company took 25 times more charges from the people
Grameen's textile project is named Grameen Check. This enterprise is also cashing huge profit by exporting products abroad taking the sympathy of buyers being product from poor people in Bangladesh. But, in reality, 90 per cent of profit accrued from the export of such products directly goes to Mohammed Yunus' pocket while the poor people are only provided the actual production cost and 2-3 percent profit.
Grameen claims to have established a Yogurt producing plant in Bangladesh for nourishing poor children. Yunus should at least have some degree of shame! This company although producing yogurt are selling products at a very high price, which is much beyond the buying capacity of poor classes in Bangladesh. And what about Grameen's project of producing drinking water under joint venture ship with French water company Veolia "to provide clean drinking water for the poor in Bangladesh"? Veolia products shall be in Bangladeshi market for making profit and none of the poor people will ever have the ability of buying this brand at the high price the company would offer.
In fact, Muhammed Yunus is not running any charitable project in Bangladesh. He is continuing to befool international community by pretending to be a savior of poor. In reality, he is a Shylock and a man who knows how to become rich by extracting money from the poor.
Now, let me focus on another important issue. Grameen Bank and most of the enterprises under the same conglomerate are solely controlled by Muhammed Yunus. His own brother Mohammed Jahangir is the chief of conglomerate's media department, who controls Bangladeshi media in exchange of multi-million Taka advertisements. Any newspaper reporting the truth of Grameen Bank's virtually robbery of poor people's money will lose advertisements from this influential group.
Bangladeshi intelligence agencies surely have various record of mockery of Muhammed Yunus. Many of the journalists are even aware of such facts. But, due to high influence of Muhammed Yunus and due to 'advertisement weapon' in his hand, media in Bangladesh shall never publish any such stories.
True investigative journalists in the world, especially with influential Medias like Newsweek, TIME, Washington Post, New York Times, Wall Street Journal, Guardian, Economist, Financial Times, Far Eastern Economic Review, Herald Tribune, SUN, Mirror, Berliner Zeitung, CNN, Fox, CNBC, BBC, VOA, Al Jazeera or even Indian newspapers like Hindustan Times, The Statesman, Times of India etc., need to investigate the true stories of Muhammed Yunus and expose his nasty face to the international community. A master swindler like Yunus should not be anymore allowed to continue his fraudulent activities under the garb of social worker. But, anyone, willing to know the real stories of Yunus or Grameen Bank or this conglomerate should note that any investigation in this regard should go without notifying the Grameen bosses in Dhaka. Because, once they will sense such investigations, they will instruct their agents in the country to shut the mouths of poor people under threats.
http://www.globalpolitician.com/24657-yunus-bangladesh
Sunita Paul
Professor Muhammad Yunus, after receiving the Nobel Peace Prize came into focal point of global media and now he is pretending to be the neo 'Mother Teresa' of today's world. But, most of the world citizen shall never know the real stories of this man's crockery and how he is continuing to swindle poor people's money for decades.
I had no taste of writing on this bad guy even two days back. But, when I listened to a report in Voice of America on May 1, had to set my fingers on computer key board to investigate and write about the unknown stories of Mohammed Yunus.
Yunus continues to claim himself as a 'Professor'. But, according to several academics in Bangladesh, this man never taught in any of the college or universities in Bangladesh. Who gave him this title remains a mystery unfold.
Grameen Bank, although won the Nobel Peace Prize in 2006, it is well documented fact that, in reality, this organization is a Shylock of modern days. Poor people are lured in borrowing money from this institution while, various severe methods of pressure and social humiliations are applied on the borrowers in extracting interest and the capital amount. Although Yunus claims to give money to poor without interest, it is again well documented that Grameen Bank's rate of interest ranges between 18-30 per cent. Many poor borrowers committed suicide when they failed to repay the interest or loan money. At least two dozen cases are in document where husbands had to sell their wives to brothels for collecting the money to repay the loan and interest to Grameen Bank. Few hundred cases are in document where Grameen Bank people took away tin made houses of poor borrowers as they failed to pay the interest.
Yunus claims that he provided mobile phones to poor women in the villages. Yes, he established a cell phone company named Grameen Phone under joint venture ship with Nortel (Norway). Initially people were forced to pay TK. 7 per minute for all out going calls. Yunus run virtual monopoly business by extracting such high charges from the people of Bangladesh. In villages too, his company charged heavy rates from the poor women. But, when a number of private companies like Banglalink, Aktel, Citicell and Warid came in business, now Grameen Phone has to also reduce the rate to only TK. 0.25 per minute to cope with the competition. Now imagine, before entering competition, this company took 25 times more charges from the people
Grameen's textile project is named Grameen Check. This enterprise is also cashing huge profit by exporting products abroad taking the sympathy of buyers being product from poor people in Bangladesh. But, in reality, 90 per cent of profit accrued from the export of such products directly goes to Mohammed Yunus' pocket while the poor people are only provided the actual production cost and 2-3 percent profit.
Grameen claims to have established a Yogurt producing plant in Bangladesh for nourishing poor children. Yunus should at least have some degree of shame! This company although producing yogurt are selling products at a very high price, which is much beyond the buying capacity of poor classes in Bangladesh. And what about Grameen's project of producing drinking water under joint venture ship with French water company Veolia "to provide clean drinking water for the poor in Bangladesh"? Veolia products shall be in Bangladeshi market for making profit and none of the poor people will ever have the ability of buying this brand at the high price the company would offer.
In fact, Muhammed Yunus is not running any charitable project in Bangladesh. He is continuing to befool international community by pretending to be a savior of poor. In reality, he is a Shylock and a man who knows how to become rich by extracting money from the poor.
Now, let me focus on another important issue. Grameen Bank and most of the enterprises under the same conglomerate are solely controlled by Muhammed Yunus. His own brother Mohammed Jahangir is the chief of conglomerate's media department, who controls Bangladeshi media in exchange of multi-million Taka advertisements. Any newspaper reporting the truth of Grameen Bank's virtually robbery of poor people's money will lose advertisements from this influential group.
Bangladeshi intelligence agencies surely have various record of mockery of Muhammed Yunus. Many of the journalists are even aware of such facts. But, due to high influence of Muhammed Yunus and due to 'advertisement weapon' in his hand, media in Bangladesh shall never publish any such stories.
True investigative journalists in the world, especially with influential Medias like Newsweek, TIME, Washington Post, New York Times, Wall Street Journal, Guardian, Economist, Financial Times, Far Eastern Economic Review, Herald Tribune, SUN, Mirror, Berliner Zeitung, CNN, Fox, CNBC, BBC, VOA, Al Jazeera or even Indian newspapers like Hindustan Times, The Statesman, Times of India etc., need to investigate the true stories of Muhammed Yunus and expose his nasty face to the international community. A master swindler like Yunus should not be anymore allowed to continue his fraudulent activities under the garb of social worker. But, anyone, willing to know the real stories of Yunus or Grameen Bank or this conglomerate should note that any investigation in this regard should go without notifying the Grameen bosses in Dhaka. Because, once they will sense such investigations, they will instruct their agents in the country to shut the mouths of poor people under threats.
http://www.globalpolitician.com/24657-yunus-bangladesh
Be a better friend, newshound, and know-it-all with Yahoo! Mobile. Try it now. __._,_.___
[Disclaimer: ALOCHONA Management is not liable for information contained in this message. The author takes full responsibility.]
To unsubscribe/subscribe, send request to alochona-owner@egroups.com
Your email settings: Individual Email|Traditional
Change settings via the Web (Yahoo! ID required)
Change settings via email: Switch delivery to Daily Digest | Switch to Fully Featured
Visit Your Group | Yahoo! Groups Terms of Use | Unsubscribe
Change settings via the Web (Yahoo! ID required)
Change settings via email: Switch delivery to Daily Digest | Switch to Fully Featured
Visit Your Group | Yahoo! Groups Terms of Use | Unsubscribe
__,_._,___