Dhaka Jan 04 (bdnews24.com)—A Chittagong-based packaging company appointed Grameen Bank as its managing agent in a deal, dating back 20 years, giving the poor borrowers’ bank a job having nothing to do with its core business.Muhammad Yunus signed the deal for Grameen Bank, granting the microlending entity all rights—just ownership aside—to run and manage the packaging business.
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His father, Muhammad Dula Meah Saodagor, represented Packages Corporation as its managing director, in an apparent case of conflict of interest. He along with his sons owned the company incorporated in 1961 as Pakistan Packages Corporation. Details…
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