DHAKA, July 24, 2024 (BSS) - The High Court (HC) today dismissed an appeal 
for cancellation of an embezzlement case against seven including Grameen 
Telecom Chairman Professor Dr Muhammad Yunus, filed by the Anti-Corruption 
Commission (ACC).

A High Court division bench comprising Justice M. Nazrul Islam Talukder and 
Justice Kazi Ibadat Hossain scrapped the Nobel laureate's plea followed by a 
short hearing this afternoon.

"The charges were framed upon primary evidence. The defendants' were unable 
to produce any reasonable proof against the allegations made against them and 
so, the plea was dismissed," ACC's lawyer Advocate Khurshid Alam told 
journalists. 

According to the case documents, a decision was made at the company's 108th 
board meeting, presided over by Dr Yunus on May 9, 2022, to open a bank 
account at the Gulshan branch of Dhaka Bank Limited. However, it was found 
that the account was opened a day before the decision was even made.

Over Taka 26 crore was transferred to the account on different occasions, as 
per 'fake settlement agreements'. But before even distributing the share of 
the company's profit to the workers, and letting them know, the accused 
embezzled around Taka 25 crore from the fund.
 
The accused in the case are-- Grameen Telecom Chairman and Nobel Laureate Dr 
Muhammad Yunus, its Managing Director (MD) Nazmul Islam, Directors Ashraful 
Hasan, Naznin Sultana, Parvin Mahmud, Md Shahjahan, Nurjahan Begum and Prof 
SM Huzzatul Islam Latifee, President of 'Grameen Telecom Sramik-Karmachari 
Union' Md Kamruzzaman and its General Secretary Firoz Mahmud Hasan, lawyers 
Zafrul Hasan Sharif and Yusuf Ali, Union's representative Md Mainul Islam and 
Jatiya Workers Federation's Office Secretary Kamrul Hasan.