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

    UN Experts Warn Sri Lanka’s NGO Bill Clashes with FATF Standards Ahead of High-Stakes Review

    Balancing genuine efforts to combat illicit finance with the protection of civic space remains a test that international standards – and international observers – will closely watch.

    Bhutan’s Tobacco Laws Lag Behind Surge in New Nicotine Products

    Bhutan’s experience offers a cautionary tale for other countries experimenting with or contemplating strict tobacco controls.

    Nepal’s Proposed Media Council Bill Raises Press Freedom Concerns Amid Tiered Penalties

    The developments in Nepal illustrate a familiar tension across many democracies: the challenge of establishing effective self-regulation and accountability mechanisms without creating tools that could be used to constrain critical reporting.

    India Turns Organic Waste into Clean Fuel, Power and Fertilizer under Swachh Bharat Mission

    India’s experience offers a transferable lesson: organic waste streams, when systematically collected and processed, can simultaneously advance sanitation, energy access, climate mitigation and rural-urban linkages.
    - Advertisement -

    RBI Raises Key Interest Rate for First Time in Nearly Four Years as Inflation Risks Broaden

    The October policy reflects a careful recalibration: prioritising price stability without derailing an economy that continues to demonstrate resilience in the face of global headwinds.

    ICC Unseals Arrest Warrants for Four Senior Taliban Officials Over Gender Persecution

    Judges determined there are reasonable grounds to believe the four ordered, induced or solicited the crime against humanity of persecution on gender and political grounds.

    Must read

    UN Experts Warn Sri Lanka’s NGO Bill Clashes with FATF Standards Ahead of High-Stakes Review

    Balancing genuine efforts to combat illicit finance with the protection of civic space remains a test that international standards – and international observers – will closely watch.

    Bhutan’s Tobacco Laws Lag Behind Surge in New Nicotine Products

    Bhutan’s experience offers a cautionary tale for other countries experimenting with or contemplating strict tobacco controls.
    - Advertisement -

    More from the sectionRELATED
    Recommended to you