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Bad taste of a Shylock

Sunita Paul - 6/1/2008

Since publication of my article on controversial Nobel laureate and founder of Grameen Bank, an organization continuing to suck blood of people in Bangladesh, I started receiving numerous mails from bunch of unknown 'people' who most possibly are planted by Yunus and his well-organized gang in Bangladesh and elsewhere.

In my article titled 'True story of Grameen Bank and Yunus', I categorically mentioned that Yunus although proclaims himself to be a 'Professor', it was already revealed through various cross-checks that, in his entire life, he (Yunus) never taught in Chittagong University. But, one of his palls said, "professor Yonus was indeed a professor. He began his teaching career at the University of Chittagong immediately after the independence of Bangladesh. I personally saw him teaching in classes on the fourth floor of the faculty building in Chittagong University. I know let's say close to 20 of his direct students. To authenticate this fact, I will distribute this article to his former students."

And, what happened next? Those so-called students of Yunus started sending abusive mails in my mail box as well to many others. I know, this is a precise work by Yunus or his Public Relations men to justify his false claim that he was a professor with Chittagong University. I have evidences that, such claim by Yunus is a clean lie. If anyone would say that he taught in Chittagong University, in fact, he or she might be even questioned of being at all in any university in Bangladesh.

Men of Yunus further tries to say that he (Yunus) is promoting image of Bangladesh abroad. Ahhh! What a false claim! This man Yunus) continues to tell the international community that Bangladesh is a poor nation, which is becoming self-sufficient with the projects of Grameen Bank. But, this is a clean lie too. According to several press reports, Grameen Bank enjoys no reputation or dignity in Bangladesh. Poor people in the village consider this organization as an interest sucking instrument of the internationally known villain.

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.

Let everyone know with certainty, Yunus is a bad man with unimaginable ambition of becoming the future Prime Minister of Bangladesh, so that he could turn the entire country into his 'proprietary enterprise' as Grameen Bank. With this mad ambition, he even floated a political party, which ultimately flopped, as Yunus for the first time felt in blood and flesh that he has no honor in the eyes of Bangladeshi. Rather, people of this country hate him, for his tremendous greed. Ohh, one more point, a couple of decades back, Yunus married a European lady with the promise of being with her for life. But, in some years, after the birth of their only daughter named Monika (who is now a famous singer), Yunus abandoned his wife and child. Since then, he never inquired about them, until he own the Nobel Prize and appeared in public with his first child as well the second daughter, who was from his latest Bangladeshi wife.

Mohammed Yunus is no angel. He is a bad man to infinite degree. And, if someone will wish to know about his real face, let them visit Bangladesh just once, and they will realize the hidden face of this notorious villain.