bdnews24.com blog

Archive for April, 2011

‘Yunus lied to review committee’

bdnewsadmin | 25 April 2011 11:43 pm

Reazul Bashar
bdnews24.com senior correspondent

Dhaka, Apr 25 (bdnews24.com)—The Grameen Bank inquiry committee has caught Muhammd Yunus lying on a number of issues, including his role in running many Grameen companies.

The committee also concluded the 1996 fund transfer that caused all the trouble for the Nobel laureate was done without any lawful authority but admitted that the dispute had indeed been settled, although after a lot of wrangling, with the Norwegian government.

“A review of minutes of Board meetings shows that decisions on associate companies of Grameen Bank are taken after deliberations in the meetings. But Dr Muhammad Yunus told the review committee that these companies had nothing to do with Grameen Bank,” the committee report said. Details…


Grameen fund transfer ‘ultra vires’: inquiry

bdnewsadmin | 25 April 2011 9:19 pm

Reazul Bashar

Dhaka, Apr 25 (bdnews24.com)—Grameen Bank stepped beyond its legal authority to divert fund to another arm of the Grameen family in 1996, says a government inquiry.

The five-member fact-finding committee on Grameen Bank formed in January submitted its report on Monday.

The committee said that a ‘credit account’ was created in Grameen Kalyan by transferring the fund in the organsiation to make the fund interest bearing.

“It seems that the dispute of using/transferring etc of Norad aid fund for Grameen Bank has been resolved. But, fund transfer to different organsiation is ultra vires to Grameen Bank,” the report said, a copy of which is available with bdnews24.com.
Details…


Yunus risked Khaleda, Hasina ire

bdnewsadmin | 22 April 2011 8:26 pm

Dhaka, Apr 22 (bdnews24.com)—Muhammad Yunus did not mind the danger of the possible hostile response that his political ambition could provoke from Sheikh Hasina and Khaleda Zia, says a leaked US diplomatic cable.

The cable was sent on Feb 13, 2007 from the U.S. Consulate in Kolkata during Yunus’ visit there, two days after the Nobel prize winner had revealed his plans in the Bangladesh media to step into the political maelstrom.

The cable documented in detail the conversation between the US Consul General in Kolkata Henry Jardine and Yunus over lunch when the latter visited Kolkata.

Chennai-based The Hindu newspaper accessed the US diplomatic cables via Wikileaks. The Calcutta Chamber of Commerce (CCC) hosted the luncheon where Jardine enquired about Yunus’s political plans.

The 2006 Nobel laureate recognised that he would face a “potentially bruising response” from the ‘two ladies’ [Sheikh Hasina and Khaleda Zia] and other established political figures.”

But he felt that the situation in Bangladesh had reached a critical juncture as “civil war” had only just been averted.

On Feb 11, Yunus had issued an open letter saying that he was seeking support from the pe0ple to launch a political party styled Nagorik Shakti (Citizens’ Power).

The announcement came just as the military began a crackdown on political parties, arresting dozens of top leaders on charges of corruption.

In the letter, Yunus asked people to send him their opinions on forming a political party focusing on good governance.
He came in for severe criticism from political parties and rapid aborted his move into politics citing that those who had initially encouraged him lost their enthusiasm.

“Yunus confirmed (consul general Jardine) that he was interested, having supposedly been asked by many people to step-in and overcome the political impasse between the two strongest political leaders, Sheikh Hasina and Khaleda Zia,” reads the cable.

“CCC President Manoj Mohanka questioned the advisability of Yunus joining the messy world of Bangladesh politics and noted the likelihood of Yunus’ reputation being tarnished.

“Yunus quickly responded that he understood the dangers of entering politics but felt that responsible people had to step into the political field to make a real change in Bangladesh, which was wracked by corruption and poor governance.

The ’sacked’ Grameen Bank chief was supportive of the imposition of the state of emergency, saying that it had averted a possible civil war.

CRITICAL OF AL’S DEAL

Yunus told the US diplomat he felt that the dominant parties had developed ties with Muslim fundamentalists for political gain even though most Bangladeshis did not favour the extremism.
He was scathing in his remarks on the deal that Awami League had reportedly reached with fundamentalist group Bangladesh Khelafat Majlish (BKM) in Dec 2006.

“Yunus [said] that the agreement was a reflection of the AL’s moral bankruptcy and was based on pure political calculus to garner a few additional votes and another example of the need for a new political party (his own party).”

OPENING UP PORTS

Yunus said during the conversation that he was in favour of opening the Chittagong port to regional trade with India, Burma, Bhutan and China.

He added Grameen Bank was considering the possibility of financing a new “mega-port” project in Chittagong to meet the regional demand.

After documenting Yunus’s views, the cable concluded that he was “a person of great moral stature and strong organizational skills” and that his candidacy “could offer a possible out from the present Hasina-Zia zero-sum game that cripples Bangladesh’s democratic process”.

bdnews24.com/gna/bd/1810h


Kebab ‘n’ concert made kittens of Tigers

bdnewsadmin | 21 April 2011 11:49 pm

Dhaka, Apr 21 (bdnews24.com) — Now you know…it was not for no reason!

In fact, ahead of their humiliating defeat against South Africa, the Tigers were suffering from stomach-upset following a kebab party they had attended.

Chairman of the parliamentary standing committee on sports ministry on Thursday told bdnews24.com that the players also watched an overnight concert before the match against West Indies.

The panel says the cricket board did not take care of the players during the event, which Bangladesh co-hosted. Eight matches were staged in the country.

Mohammad Zahid Ahsan Rasel, the House panel chief, said they discussed the debacle on Thursday.

Tiegrs came in for strong criticism after they were bundled out for just 58 runs by the West Indies. Later, South Africa bowled them out for just 78.

Rasel said the players attended a kebab party at Uttara on the night before facing South Africa in their last match of the first-round.

Since the kebab party night, the team members had been suffering from stomach-upset, he said.

“We need to know what the BCB’s stance was in supervising the players. We’ll look through everything,” he added.

PROBE INTO TICKET SALE

On black marketing of president’s box tickets during the World Cup, Rasel told bdnews24.com that in their next meeting on May 5, they would inquire about the expenses and income of BCB.

The committee also condemned the irregularities in sale of tickets during the event, which Bangaldesh co-hosted.

Members of the committee also criticised low-quality gifts to the guests.

The panel chief said the cricket board must give details of all expenses and earnings during the event. “BCB said they will not give accounts of details to the International Cricket Council (ICC) and not to the committee. It can’t happen. Every citizen has the right to know this.”

A committee would be formed in the next meeting to look into the matter, he added.

bdnews24.com/mhc/pks/nir/2115h


‘Feroja’ Khaleda’s new address

bdnewsadmin | 21 April 2011 6:46 pm

Dhaka, Apr 21 (bdnews24.com) – BNP chairperson Khaleda Zia has relocated to a new address in the capital.

She moved into a house in posh Gulshan area in the early hours of Thursday.

Built over a bigha land, the two-storey ‘rented’ house has been decorated to her ‘exquisite’ taste, press secretary of the former prime minister Maruf Kamal Khan said.

Facing the Russian embassy, Khaleda’s new residence at House No 1, Road No 79 with a lush green lawn is also quite close to the Pakistan High Commission.

“She’s been personally supervising the last-minute touches for the last few days,” the aide said.
Details…


Making telescopes in Bangladesh

khatib shahnawaz | 21 April 2011 4:39 pm

Telescope
A telescope is an instrument designed to aid the observation of remote objects by collecting some form of electromagnetic radiation (such as visible light). The first known practical telescopes were invented in the Netherlands at the beginning of the 17th century.

Most telescopes detect electromagnetic radiation, but the difference is in the band of frequency. The categories are: radio, submilimetry, infrared,visible spectrum, ultraviolet and X-ray.

Some are based on location, such as ground telescopes and space or flying telescopes.

There is of course a difference in professional and amateur telescopes too.
Details…


No takers for recommendations

bdnewsadmin | 21 April 2011 4:31 pm

Dhaka, Apr 19 (bdnews24.com) — Although the probe committee on stocks debacle has directly accused several people and recommended immediate legal action against them, no action has yet been initiated by the authorities concerned.

The committee also recommended seizing passports and freezing bank accounts of several of them until complete investigation, but the recommendations are yet to be acted upon.

The committee told in its report that Securities and Exchange Commission (SEC) executive director Anwarul Kabir Bhuyian, his wife and several others made profits by increasing share prices in clear violation of Article 17 (E) of The Securities and Exchange Ordinance 1969.

The committee recommended legal action against them.
Details…


Why our film industry has fallen into ruin

Ariful Islam Mithu | 19 April 2011 3:16 pm

Bangla cinema
It is no news that the condition of the Bangladesh film industry is very poor. But why is the industry plunging day by day, with little hope of resurrection? Most people, including the government officials of the government-run institution, Bangladesh Film Development Corporation, know the answer.
Some people continually show reluctance to work sincerely to bring the industry back into life while some are helpless. Film industries all over the world are making profits and reinvesting in the industry over and over. According to a news story on BBC Online, more than £1 billion was spent making films in the UK during 2010, data released by the UK Film Council shows. A record amount of £1.15 billion was spent making 119 films last year - an 8 percent rise on 2009’s £1.07 billion expenditure. International filmmakers spent more money than ever in the UK last year, pouring almost £929 million into the production of 28 films.
Details…


FBI agent to testify in Coco case

bdnewsadmin | 17 April 2011 7:01 pm

Dhaka, Apr 17 (bdnews24.com) — A US detective will testify in the money-laundering case against Arafat Rahman Coco and Ismail Hossain Simon.

Public prosecutors Anisul Haque and Mosharraf Hossain Kajal told bdnews24.com on Sunday that they would call in Federal Bureau of Investigation (FBI) agent Deborah Heprevotte, investigator of the US bank accounts of the two accused, to testify in the case.

They said this after hearing on the case in Dhaka’s Third Special Judges’ Court.

The case was filed on Mar 17, 2009 while charges were pressed against Coco and Simon on Nov 30 for laundering US$0.93 million and Singapore $2.9 million.

Thirty people have been made witnesses to the case.
Details…


BNP slams Ibrahim Khaled over remarks

bdnewsadmin | 16 April 2011 2:44 am

Dhaka, Apr 15 (bdnews24.com)—BNP has differed with share debacle inquiry chief Khondar Ibrahim Khaled over the means to put the perceived scamsters on trial.

The acting secretary-general of the largest party in opposition said on Friday, “We don’t know whose purpose people like Ibrahim Khaled are trying to serve by speaking of conducting trial under martial law.

“We believe the trial of those who swindled the money of 3300,000 small investors can be held in a democratic system, not under military rule,” Mirza Fakrul Islam Alamgir said.
Details…