{"id":4894,"date":"2025-11-25T01:11:26","date_gmt":"2025-11-24T19:11:26","guid":{"rendered":"https:\/\/dailyrepublicbd.com\/?p=4894"},"modified":"2025-11-30T22:05:47","modified_gmt":"2025-11-30T16:05:47","slug":"ex-nsi-officer-50-year-old-documents-prove-yunus-hijacked-microcredit-idea","status":"publish","type":"post","link":"https:\/\/dailyrepublicbd.com\/?p=4894","title":{"rendered":"Exclusive: Ex-NSI officer proves how Yunus hijacked microcredit idea"},"content":{"rendered":"\n

-Ex-NSI Officer Reveals How Yunus Tricked to Capture Grameen Bank Project<\/em><\/p>\n\n\n\n

-\u201cHe Stole Grameen Bank in the 1970s\u2014Now He\u2019s Looting Bangladesh Again\u201d <\/em><\/p>\n\n\n\n

\u2013While His Empire Gets Billions in Tax Breaks and Licenses Under an Illegal Regime<\/em><\/p>\n\n\n\n

From intellectual thief to state plunderer: former National Security Intelligence (NSI) officer Aminul Hoque Polash<\/a>, now in exile in Europe, has dropped explosive 1976\u20131983 documents that completely demolish Muhammad Yunus\u2019s lifelong claim that he single-handedly invented microcredit and founded Grameen Bank.<\/p>\n\n\n

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Aminul Hoque Polash<\/strong><\/figcaption><\/figure>\n<\/div>\n\n\n

In a social media post, the whistleblower declared: \u201cYunus stole an entire university research project in the 1970s, rebranded it as his own, and won a Nobel Prize with it, and now\u2014as illegal Chief Adviser\u2014he is openly using state power to make his Grameen empire richer than ever while the country burns.\u201d<\/p>\n\n\n\n

– May 15, 1979 Project Proposal (Phase Two) of Rural Economics Programme (REP), Chittagong University\u2014personally signed by Muhammad Yunus as Head of Economics Department\u2014openly admits:<\/p>\n\n\n\n

– The Jobra micro-lending experiment was an official university action-research project funded by a $100,000 Ford Foundation grant (1976\u20131978).<\/p>\n\n\n\n

– The actual microcredit and banking-for-landless research was designed and executed by junior researchers Swapan Adnan, Nasiruddin, and H.I. Latifee.<\/p>\n\n\n\n

– Yunus only managed the deep tubewell cooperative side.<\/p>\n\n\n\n

How Yunus and \u2018Grameen\u2019 are benefitting from his position as the \u2018Chief Adviser\u2019<\/a><\/p>\n\n\n\n

Yunus and Grameen Bank won Nobel despite massive blunders, injustice<\/a><\/p>\n\n\n\n

One man, two faces\u2014how Yunus hijacked the state to enrich Grameen<\/a><\/p>\n\n\n\n

– By 1978, Bangladesh Bank had already adopted the university model, allocated Tk 100 crore, and started nationwide rollout through Krishi Bank and Sonali Bank\u2014before Yunus was even formally involved.<\/p>\n\n\n\n

– June 6, 1983, Ford Foundation letter to Vice-Chancellor Prof. Abdul Aziz Khan confirms the money was given to the university, not to Yunus.<\/p>\n\n\n\n

Polash said: \u201cHe never wrote the proposal, never negotiated the grant, never ran the microcredit trials. He just waited, pushed the real researchers aside, and hijacked the entire project.\u201d<\/p>\n\n\n\n

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From Thief to Billionaire Ruler<\/strong><\/p>\n\n\n\n

In just 15 months of his unconstitutional regime, Yunus has turned state machinery into a personal ATM for the Grameen empire:<\/p>\n\n\n\n

– October 3, 2024: High Court mysteriously cancels its own ruling\u2014Grameen Kalyan is forgiven Tk666 crore ($54.8 million) in back taxes.<\/p>\n\n\n\n

– October 10, 2024: NBR grants Grameen Bank full tax exemption for 5 years (until 2029) on all income, including property rentals and interest.<\/p>\n\n\n\n

Sheikh Hasina condemns corruption as Grameen Telecom gets digital wallet license<\/a><\/p>\n\n\n\n

Poverty as Business: The Grameen Bank and Yunus Center Phenomenon<\/a><\/p>\n\n\n\n

Dr. Yunus: A portrait of self-interest and deception<\/a><\/p>\n\n\n\n

Draft ordinance ready to slash the government stake in Grameen Bank from 25% to just 5% and reduce government directors from 3 to 1\u2014handing total control to Yunus loyalists.<\/p>\n\n\n\n

All court cases that were filed against Yunus have suddenly been dismissed:<\/p>\n\n\n\n

– August 7, 2024 (one day before swearing-in): The Labour Tribunal overturns his 6-month jail sentence for labour law violations.<\/p>\n\n\n\n

– August 11, 2024: ACC withdraws corruption case on misusing workers\u2019 funds.<\/p>\n\n\n\n

– October 24, 2024: Five more labour cases quashed.<\/p>\n\n\n\n

– March 17, 2025: Yoghurt adulteration case against Grameen Shakti was dismissed.<\/p>\n\n\n\n

Lucrative new licenses handed only to Grameen companies:<\/p>\n\n\n\n

– January 28, 2025: Grameen Telecom\u2019s Samadhan Services gets the only digital wallet license issued since the coup.<\/p>\n\n\n\n

– March 20, 2025: Grameen Employment Services (Yunus Center) gets the only overseas manpower export license issued under the regime.<\/p>\n\n\n\n

Pure nepotism: Yunus\u2019 own nephew Apurba Jahangir was appointed Deputy Press Secretary despite zero media experience, and long-time aide Lamiya Morshed became SDG-related high representative.<\/p>\n\n\n\n

The Final Insult<\/strong><\/p>\n\n\n\n

While factories close, inflation hits 15%, and minorities flee Islamist violence, the Grameen brand has never been richer\u2014all because the man who stole the original idea in 1976 now controls the entire state.<\/p>\n\n\n\n

Polash said: \u201cHe robbed three young researchers of their life\u2019s work fifty years ago. Today, he is robbing an entire nation. History has come full circle\u2014and Bangladesh is paying the price for believing a conman who fooled the world with someone else\u2019s idea.\u201d <\/p>\n\n\n\n

The original documents are now going viral across Bangladesh, with one slogan trending nationwide: \u201cFirst he stole Grameen Bank. Now he has stolen the country.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

-Ex-NSI Officer Reveals How Yunus Tricked to Capture Grameen Bank Project -\u201cHe Stole Grameen Bank in the 1970s\u2014Now He\u2019s Looting Bangladesh Again\u201d  \u2013While His Empire Gets Billions in Tax Breaks… <\/p>\n","protected":false},"author":1,"featured_media":4895,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[43,646,84,20,42],"tags":[1262,77,202,977,106,50,56,1264,63,64],"class_list":["post-4894","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crime","category-culture","category-fact-check","category-news","category-politics","tag-aminul-hoque-polash","tag-awami-league","tag-bangladesh-bank","tag-chittagong-university","tag-grameen-bank","tag-interim-government","tag-muhammad-yunus","tag-national-security-intelligence-nsi","tag-sheikh-hasina","tag-yunus-gang"],"brizy_media":[],"_links":{"self":[{"href":"https:\/\/dailyrepublicbd.com\/index.php?rest_route=\/wp\/v2\/posts\/4894","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dailyrepublicbd.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dailyrepublicbd.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dailyrepublicbd.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dailyrepublicbd.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4894"}],"version-history":[{"count":3,"href":"https:\/\/dailyrepublicbd.com\/index.php?rest_route=\/wp\/v2\/posts\/4894\/revisions"}],"predecessor-version":[{"id":5002,"href":"https:\/\/dailyrepublicbd.com\/index.php?rest_route=\/wp\/v2\/posts\/4894\/revisions\/5002"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dailyrepublicbd.com\/index.php?rest_route=\/wp\/v2\/media\/4895"}],"wp:attachment":[{"href":"https:\/\/dailyrepublicbd.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4894"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dailyrepublicbd.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4894"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dailyrepublicbd.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4894"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}