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Grameen Bank News - Latest Updates & Headlines

Did Muhammad Yunus hijack famed microcredit model? Decades-old documents raise many questions

New Delhi, Nov 26: Muhammad Yunus, widely recognised as the founder of Bangladesh’s conglomerate Grameen Bank is set to come under the cloud, over ‘revelations’ of decades-old documents by a former intelligence officer, which claims that the microcredit model was actually a university research program and it was subsequently hijacked by the Nobel Laureate and “projected as his own”.