Dr Muhammad Yunus, Nobel Laureate and founder of Grameen Bank, is not suffering from a divine curse but from the consequences of deceiving 1.05 crore members of the Grameen Bank, according to Masud Akhtar, the bank's Chief Legal Advisor.

In a conversation with reporters in front of the Supreme Court Annex Building on Monday, Masud claimed that Yunus had engaged in fraudulent activities against the bank's customers. "He did not take any personal or familial benefits, but he did issue work orders worth hundreds of crores of taka to his own printing press at rates 30%-40% higher than usual," Akhtar said.

He also accused Yunus of abusing a general manager who protested against these actions, keeping him under house arrest.

The allegations of corruption against Yunus date back to 1997. Although he left Grameen Bank in 2011, Masud suggested that Yunus managed to keep his corrupt practices under wraps as his associates continued to run the bank. However, a 2020 audit revealed significant corruption, and more incriminating evidence surfaced in 2023.

Masud emphasised that the bank has no personal vendetta against Yunus. "Our grievance lies with his actions and the undue familial benefits he secured. Yunus is suffering the consequences of his own greed. This is not fabricated – he deceived the customers of Grameen Bank, and now he is facing the repercussions," he stated.