ACC launches probe against board of directors of Grameen Telecom

The ACC Secretary said, “The Anti-Corruption Commission has decided to investigate the board of directors of Grameen Telecom on four charges, including misappropriation of 5 per cent of the dividend reserved for distribution among employees, embezzlement by transferring Tk 2,977 crore from the company to the bank accounts of various subsidiaries for money laundering.”

Nobel laureate in peace. The Anti-Corruption Commission (ACC) has launched an inquiry against the board of directors of Muhammad Yunus’ Grameen Telecom.

ACC Secretary Mahbub Hasan told reporters on Thursday afternoon.

He said, “The Anti-Corruption Commission has decided to investigate the board of directors of Grameen Telecom on four charges, including misappropriation of 5 per cent of the dividend reserved for distribution among employees, embezzlement by transferring 2 thousand 977 crores of money from the company to the bank accounts of various subsidiaries for money laundering.”

The secretary said that recently the Department of Inspection of Factories and Institutions under the Ministry of Labor and Employment had submitted a report to the ACC with some complaints against the board of directors of Grameen Telecom.

What’s in the complaint?

The allegations include misappropriation of 5 per cent of the dividend reserved for distribution among workers/employees through irregularities, illegal deduction of 6 per cent as advocate fee and other fees while paying dues of workers/employees, interest amounting to Rs. Various accomplices for embezzlement without distribution and money laundering of Tk 2,977 crore from the company

Embezzlement through transfers to bank accounts of institutions.

The commission reviewed the report containing these complaints and decided to investigate.

Leave a Reply

Your email address will not be published. Required fields are marked *