Sheikh Hasina government vows to "cleanse" Grameen Bank

She said the bank was a statutory body and it is to be regulated by the central bank and the government.

Sheikh Hasina government vows to "cleanse" Grameen Bank
NEW DELHI: Even as domestic and international voices continue to oppose Sheikh Hasina government's plan to restructure the Grameen Bank in Banglaesh her Foreign Minsiter Dipu Moni today made it clear that they were determined to have it "cleaned".

She said the bank was a statutory body and it is to be regulated by the central bank and the government.

"When our democratically elected government was asked questions by the media, the international community, on certain reports... We had to take some action against," Moni said at an event here.

"There was much undue criticism for us but we go by law. We are determined to have it probed and cleaned," she said.

She said her government was taking numerous steps for poverty alleviation.

"We will go on with our initiatives," she said. The Hasina government has come under fire at home and abroad for allegedly targeting Grameen Bank and its Nobel Laureate founder Mohd Yunus in the name of restructuring the financial institution.
Download
The Economic Times Business News App
for the Latest News in Business, Sensex, Stock Market Updates & More.
Download
The Economic Times News App
for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
READ MORE
ADVERTISEMENT

READ MORE:

LOGIN & CLAIM

50 TIMESPOINTS

More from our Partners

Loading next story
Business News › News › Politics › Sheikh Hasina government vows to "cleanse" Grameen Bank
Text Size:AAA
Success
This article has been saved

*

+