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Govt won't take over GB

Muhith accuses Yunus of waging 'harmful campaign'

Staff Correspondent
Finance Minister AMA Muhith yesterday accused Nobel
Laureate and Grameen Bank founder Prof Muhammad Yunus of waging "an unnecessary and harmful campaign" against the country.
The government has no plans to take over Grameen Bank and what ProfYunus has been propagating are lies, Muhith said at a roundtable organised by Transparency International Bangladesh at Cirdap auditorium in the capital.
"I have said a hundred times that ProfYunus is not speaking the truth when he says that the government wants to take over Grameen Bank."
Supporters of Grameen Bank at home and abroad first voiced concern that the government was planning to get hold of the bank when the central bank removed Prof Yunus as managing director in 2010.
The concern deepened earlier this month when the cabinet approved changes to the Grameen Bank Ordinance of 1983, giving more powers to the government-appointed chairman to choose the bank's managing director, sidelining otherGB board members.
Muhith, however, said the move to amend the ordinance had been taken since a selection committee could not be formed in one and a half years to appoint the managing director.
Only Grameen Bank has a law to form a selection committee to appoint the managing director, he said. ProfYunus had formulated the rule.
The government is amending the ordinance so that the ex-managing director cannot engage in the appointment of his successor.
The chairman will propose names for the managing director's post before the board which will then select one of them, Muhith said.
The post fell vacant after ProfYunus stepped down in May last year.
Acknowledging that Prof Yunus was a pioneer of microcredit financing in Bangladesh, he said there were other people who had also made contributions to help the sector flourish.
Muhith claimed he himself had expanded 30 percent of microcredit activities in the country while it was 12 percent by ProfYunus.
"I am not working for any organisation. I work for people with white minds and souls."
Grameen Bank's performance peaked since July last year despite Prof Yunus' propaganda, the finance minister said.
He added that he was now engrossed on two issues — one centering on the Padma