Desk Report : In the wake of a massive public uprising that toppled the Awami League government, Nobel laureate Professor Dr. Muhammad Yunus responded to the call of movement leaders and assumed a leadership role in the interim government, citing “national rescue” as his mission. At the time, the nation’s hopes were pinned on him, with many believing that his leadership could elevate Bangladesh’s global standing, enhance citizens’ dignity, and unlock long-suppressed potential.
However, from August 8, 2024, when he assumed office, until February 12, 2026, when power was transferred via election, how much of the public’s expectations were actually fulfilled by the Nobel laureate? Kaler Kantho launched an investigation to answer this question.
The inquiry revealed that during his roughly 18-month tenure, Dr. Yunus leveraged his position to secure extensive personal and institutional advantages. One notable example was the rapid approval of Grameen University, a project of the Grameen Trust founded by Dr. Yunus. While 22 other private universities had pending applications for years, Grameen University received approval within just three months—an unusually fast process, facilitated by Dr. Yunus’ role as chief adviser to the interim government.
Further findings indicate that he granted tax exemptions to Grameen Bank for five years, potentially costing the government over BDT 1,000 crore in revenue. In addition, the Grameen Welfare Trust reportedly received BDT 1,043 crore in tax exemptions, and another BDT 666 crore was waived under other financial arrangements. Beyond financial benefits, he used his authority to settle seven ongoing lawsuits against himself, including high-profile corruption cases, and expedited licenses for recruitment agencies and e-wallet services linked to Grameen Trust.
Senior Supreme Court lawyer Manzil Morshed told Kaler Kantho, “Anyone taking office to run the state must ensure there is no conflict between public duty and personal interest. Officials are expected to relinquish profitable positions before assuming government roles. Dr. Yunus, while serving as chief adviser, engaged in activities that raised serious questions about conflicts of interest, potentially violating his oath and deceiving the public.”
The approval of Grameen University raised further concerns. According to the Private University Act of 2010, a minimum reserved fund of BDT 5 crore is required to establish a university in Dhaka. However, the approval for Grameen University cited only BDT 1.5 crore, prompting questions of legality and fairness. Officials from the Ministry of Education and UGC could not provide clear explanations, with some claiming they were not in office at the time, and others saying they could not recall details. The university, meanwhile, insisted that all financial requirements were met and that the initiative was nonprofit.
Additionally, the interim government period saw significant deterioration in law and order, the economy, investment, and public safety. Incidents of mob violence, political clashes, murders, arson, looting, and attacks on journalists reportedly surged. Nonperforming loans, foreign debt, interest rates, and investment stagnation increased, while high inflation affected ordinary citizens’ daily lives. Major development projects stalled, foreign agreements sparked controversy, and no meaningful progress was made on the Rohingya issue. Overall, this period negatively impacted stability, economic momentum, and citizen security.
Legal experts argue that using state authority to benefit personal or affiliated institutions constitutes a conflict of interest and a breach of the oath of office. Dr. Yunus’ actions—rapid license approvals, settlement of pending lawsuits, tax exemptions, and other privileges—have drawn criticism for transparency, accountability, and fairness.
Senior lawyer Manzil Morshed emphasized, “Decisions taken for personal gain while holding a constitutional office constitute a conflict of interest and violation of the oath. Such actions should be annulled, and legal steps taken where necessary.” Similarly, lawyer Dr. Shahdeen Malik noted that under Article 147 of the Constitution, holding profitable engagements while in office is prohibited, raising further questions about the legality of benefits obtained by Dr. Yunus and his affiliated institutions.
In summary, experts conclude that the interim government period witnessed significant concerns regarding ethics, accountability, and constitutional limits in the actions of the chief adviser and related institutions. (Kalerkantha)