Dhaka, May 3 (bdnews24.com) — The Grameen Bank (GB) review committee report suffers from several lacunae and discrepancies owing to the committee's lack of knowledge about the affairs of bank, claims the micro-credit behemoth.
On Tuesday evening, the bank came out with a rejoinder to 'remove the misunderstandings created by media reports on the review panel report'.
The five-member fact-finding committee, formed in January submitted its report to the finance minister on Apr 25.
The inquiry was led by Dhaka University economics professor Dr A K Monaw-war Uddin Ahmad, who specialises in regulatory issues and teaches international trade.
However, the bank, despite calling the report a flawed one, chose to use the observations made therein to its advantage, wherever possible.
The rejoinder reads: "The review panel didn't bring any charge of corruption, financial irregularity or embezzlement against Muhammad Yunus or anyone working in the bank.
"It was proved that there was no irregularity in transferring the Norad fund."
The panel also found that Grameen Bank's interest rates were lower than any other micro-credit organisation in Bangladesh, it pointed out.
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