Bangladesh to Probe Microfinance Provider

Jan 2011
Mumbai, India, January, 13 2011 - Bangladesh's government said it would probe Grameen Bank for possible misappropriation of aid funds, more than a month after a documentary film alleged that the microfinance provider illegally diverted funds in the 1990s.Lamiya Morshed, executive director at the Yunus Centre, a resource center for Grameen group's nonprofit businesses, said the bank hadn't received any official correspondence about the probe.

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