Banner Advertiser

Friday, May 25, 2012

Re: [ALOCHONA] Dr. Yunus - Not the Founder of Grameen Bank



These are sheer propaganda and baseless allegations against a true and sensible man who only dreams about helping the Country and stand on its feet. The problem is the People around the world understands these but the corrupt, crooked "Bongos" aka Awami Terrorists" do not understands this simple truth.

 
On Sun, May 20, 2012 at 9:00 PM, Modasser Hossain <bolonhome@yahoo.com> wrote:
 

 

Dr. Yunus - Not the Founder of Grameen Bank
 
-Rahaat Khan
 
 
Dr. Yunus's case related to Grameen Bank is now pending with the Supreme Court. The hearing is adjourned for two weeks from 15th March, 2011 . Naturally, any opinion on this sub-judiced matter is prohibited in the eye of law. Hence, I will only put forward some of my personal observation on Dr. Muhammad Yunus and his activities.
 
A man of high esteem, Dr. Yunus has definitely glorified our nation for his Nobel Peace award. And we, being Bangladeshis feel proud of him. But there is a slight misnomer with his reputation. Dr. Yunus is frequently recognized as the founder of Grameen Bank. But the fact does not entirely go with this. The Government of Bangladesh has constituted this specialized bank in 1990 in purview with the existing rules of the land and under the provisions and supervision of Bangladesh Bank. As such, Dr. Yunus may, by large, be considered as the founder managing director of the said bank, not the founder. Any way, he is all in all in the Grameen Bank and his hilarious effort in marketing this bank is enormous. Like many other, it also strikes me that why Dr. Yunus was not interested to have a successor although there was a heresy that for sometime, Khaled Shams, a renowned banker was deemed to the next role leader. But in one fine morning Mr. Shams was removed from this bank and also it was not clear whether he was engaged in any of Grameen's projects. Anyway, the next name we came across was some Dipal Borua but that too been a faded name for a long while. No doubt, Dr. Yunus's contribution to the Grameen Bank is fathomless. But it is also an undeniable fact that an institution requires a generation of successive leadership for its sustenance. But we did not spot Mr. Yunus being attentive to this at all. Why? This may be better known to him but my understanding along with many others slates this not as a failure on Dr. Yunus's part to realize it rather the very wish of life long governance over the institution of even the intention of doing whatever he feels like with this specialized bank.
 
This is a common place that everyone retires after a certain period of service. But the very effort of Dr. Yunus testifies that he wants a life time managing directorship for Grameen Bank. Seemingly, his departure from this grand comradeship will husk a griddling fate to 80 lakh poor people. Mr. Yunus is now 71. Does every death spare any Nobel laureate? If so be the fact, and also the fact remains Dr. Yunus's absence from Grameen Bank, shatters the fate of 80 lack poor people, naturally people should witness his immortality for the sake of Grameen Bank and the poor. But is that possible?
 
Defying all these Dr. Yunus requires to be on top of the Grameen Bank. It isn't only because of the dignity of this Nobel laureate, but to the best of my knowledge, rather because of many inter and intra continental trade conglomeration. Okay, there is no harm in such strategic partnership. But many indicates on the unfair pledge especially where any specialized financial institution like Grameen Bank enjoys the provision of non-compliance collateral or equity principles and tax rebate. As such it earned an unequival competitive advantage to override other similar businesses in the market for which it was not meant, rather, the special arrangements on part of the regulators came out of the belief that micro financing and micro credit would be an epitome to relieve poverty. But what our experience narrates is nothing but the tale of an ugly game. When it is expected that Dr. Yunus being a Nobel laureate would do justice to his own dignity more specifically when the awards goes for peace making. But it didn't go along that line. Mr Yunus didn't off shoulder his responsibility until he was officially removed by the Bangladesh Bank. Some Western allies including the Friends of Grameen started lobbying and seemed to be very much resolutative for holding his position as MD of the Grameen Bank. Disaster without Yunus!
 
Now, the question is, whose disaster the allies think it to be? Anyway, I restrain myself from commenting on that. Just to raise a little point on the validity of the policy statements of an institution which claims to have a pivotal role in poverty alleviation where the interest rate is 35 to 40 per cent and more interestingly these loan arrangements are triggered towards to the people living below the poverty line. Doesn't it sound like an impractical imagination? As if a fool dwelling in a paradise! Against this backdrop of Grameen Bank, there are many NGOs in Bangladesh (e.g. BRAC, PROSHIKA, Nijera Kori, KARITAS etc.) which have a long legacy of success story on issues like poverty alleviation, reducing child mortality and pregnant women, population control, women empowerment, development of sanitation in rural and slum areas etc. Does the Grameen Bank record any visible contribution to the above-mentioned programmes or areas with its high-rated interest provision? Then, it is not an exaggeration or over-statement that the Grameen Bank effort was more focused on financial transaction based on a mercenary-like attitude and style than effective poverty alleviation.
 
Despite all these, Dr. Yunus was awarded Nobel peace price for his `contribution' to poverty alleviation and helping reducing the threat of anarchy due to extreme poverty in society thus bringing smiles to millions of faces in rural Bangladesh . This Nobel price in fact struck many conscious minds. A man who has never uttered a single word protesting against the 1971 genocide by Pakistan, rather stayed in USA to remain in safe zone; who has always kept aloof during natural and political calamities in Bangladesh (only except the post one-eleven incident). Rather, it is him, the man who has little visible contribution to poverty alleviation rather but for conceptualizing micro credit to the poor with an enormous interest rate and thus became a mercenary Dr. Yunus who has been awarded the Nobel Peace price for peace? What else could this be called than just doing a mimic to peace by the Nobel granting committee? I have always praised Mr. Yunus as a successful entrepreneur; however, I still have some reservations and queries regarding him:
 
A Bangladeshi by birth, why Dr. Yunus never has visited our national mausoleum in Savar, or shrine of the Father of the Nation Bangabandhu Sheikh Mujibur Rahman? Nor have we ever seen him saying anything regarding Bangabandhu. His snobbish attitude and disregard to Bangabandhu and all glorious achievements of Bangalee nation hurt me the most. Should such a personality deserve respect? Moreover, the man who intended to brand all politicians as corrupt during the post one-eleven scenario; and who consented to take responsibility of ruling the country but with an assurance for 10-year stay in power has been much downgraded from his dignity and esteem. Time will say what will be the legal fate of Dr. Yunus. But Mr. Yunus, you have lost much of the glare of a Nobel laureate by now. This is really a misfortune for the whole nation.
  
 
   





__._,_.___


[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

__,_._,___