More

    US Says ‘Misuse’ of Law Against Yunus Could Deter Foreign Investment

    CountriesBangladeshUS Says ‘Misuse’ of Law Against Yunus Could Deter...
    - Advertisment -

    US Says ‘Misuse’ of Law Against Yunus Could Deter Foreign Investment

    Despite being convicted on Jan 1, Yunus, the head of Grameen Telecom, was not immediately jailed as he was granted a one-month bail to appeal the decision.

    The United States has warned that international concerns over the perceived ‘judicial harassment’ of Nobel laureate Muhammad Yunus, the founder of Bangladesh’s Grameen Bank, could negatively impact Bangladesh’s prospects for foreign investment.

    Matthew Miller, a spokesperson for the US Department of State, addressed Yunus’s mounting legal woes during a press briefing in Washington on Tuesday, reports bdnews24.com.

    Last month, Yunus was handed a six-month jail sentence for violations of labour laws and is now facing fresh graft charges from the Anti-Corruption Commission.

    “We worry the perceived misuse of labour and anti-corruption laws could raise questions about the rule of law and dissuade future foreign direct investment, and we encourage the Bangladeshi government to ensure a fair and transparent legal process for Dr Yunus as the appeals process continues,” he said.

    - Advertisement -

    Despite being convicted on Jan 1, Yunus, the head of Grameen Telecom, was not immediately jailed as he was granted a one-month bail to appeal the decision.

    As criminal charges against Yunus pile up, Miller pointed to the “unusual speed” of the trial in the labour case, fuelling concerns about the potential weaponisation of the judicial process by the government.

    “The Anti-Corruption Commission has approved a chargesheet for additional cases. Those have drawn widespread condemnation from around the world,” he said.

    “We share the concerns voiced by other international observers that these cases may represent a misuse of Bangladesh’s labour laws to harass and intimidate Dr Yunus.”

    He called on the government to ensure a “fair and transparent” legal process for Yunus as he appeals against his conviction.

    Image: Wikimedia Commons

    - Advertisement -

    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here

    Latest news

    Developing Asia and the Pacific Unprepared for Challenges of Aging Population

    The number of people aged 60 and older in developing Asia and the Pacific is set to nearly double...

    WTO and ADB Strengthen Collaboration for Sustainable Economic Growth

    The WTO is the only global international organization dealing with the rules of trade between nations. At its heart...

    Indian Meteorological Department Releases Weather Forecast for the First Week of May

    Heat wave to severe heat wave conditions likely to continue over East India till 2 May and over south...

    Bangladesh: 13 Per Cent Decrease in Forest Cover over Two Decades

    According to the department of forest there were a total of 1.88 million hectares of forest land in 2020,...
    - Advertisement -

    Delhi Records Maximum Number of ‘Good to Moderate’ Air Quality Days in April

    The 30 days period of April in 2024 also witnessed significant reduction in daily average PM2.5 and PM10 concentrations...

    Crisis-hit Sri Lanka Seeks ‘Value-add’ with Research

    Sri Lanka’s National Research Council has three different programmes focused on research grants that can generate direct economic benefits....

    Must read

    WTO and ADB Strengthen Collaboration for Sustainable Economic Growth

    The WTO is the only global international organization dealing...
    - Advertisement -

    More from the sectionRELATED
    Recommended to you