London, Sep 10: The Bangladesh Government is taking legal action against Nobel laureate Muhammad Yunus over tax irregularities.
The allegations date back to the time when Yunus was the managing director of the micro-finance organisation, the Grameen Bank.
Bangladesh’s central bank removed the 73-year-old economist from his position two years ago, saying he was past retirement age. Yunus has denied the allegations and challenged the legal action, the BBC reports.
According to the report, the allegations brought against Yunus relate to his earnings abroad, including award money and royalties from his books.
The government has said the earnings were received without the necessary permission, as he was the head of an institution partially owned by the state, the report said.
Bangladesh’s cabinet secretary, Musharraf Hossain Bhuiyan, said the cabinet had decided to take action following a report from the country’s tax authority, the National Board of Revenue.
In a statement, the microcredit pioneer said that he has always declared his earnings and was within the law in claiming tax exemption, the report added. (ANI)