DHAKA, Dec 4 (AFP) - Bangladesh micro-lender Grameen Bank has denied any wrongdoing after Norway ordered a review of a transfer by bank founder Nobel Peace Laureate Muhammad Yunus of millions of dollars of aid money.
A documentary called “Caught in Micro Debt” and aired earlier this week on Norwegian television alleged cash was diverted from Grameen Bank, which provides small loans to the poor, to other parts of the Grameen group.
The Norwegian government has since asked aid agency Norad to “review” the transfer of nearly 100 million dollars of aid to Grameen Kalyan, a separate company which is not involved in micro-credit operations.
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