The Bangladesh High Court has instructed Nobel laureate Muhammad Yunus's Grameen Telecom Trust to submit an appeal against the income tax claim for the
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Big Global pressure continues in support of the convicted Grameen Bank founder By Arun Kumar Shrivastav On July 23, the Supreme Court of Bangladesh upheld a lower court decision that said Mohammed Yunus must pay taxes on $7 million of donations he made between 2011 and 2014 to three trusts Professor Muhammad Yunus Trust,
The Supreme Court of Bangladesh has ordered Yunus to pay US$ 1 million in unpaid taxes from funds he donated to some trusts. In the coming months, he will be in court to answer questions about alleged labour law violations by Grameen Telecom, a company he chairs. A Janus figure, the social banker has been praised for his contribution to development, but also criticised by many Bangladeshis for the inflexibility of his bank vis-à-vis vulnerable borrowers.