‘Misuse’ of law against Yunus could deter foreign investment: US - News Summed Up

‘Misuse’ of law against Yunus could deter foreign investment: US


The United States has warned that international concerns over the perceived ‘judicial harassment’ of Nobel laureate Muhammad Yunus could negatively impact Bangladesh's prospects for foreign investment. Last month, Yunus was handed a six-month jail sentence for violations of labour laws and is now facing fresh graft charges from the Anti-Corruption Commission. "We worry the perceived misuse of labour and anti-corruption laws could raise questions about the rule of law and dissuade future foreign direct investment, and we encourage the Bangladeshi government to ensure a fair and transparent legal process for Dr Yunus as the appeals process continues," he said. "We share the concerns voiced by other international observers that these cases may represent a misuse of Bangladesh’s labour laws to harass and intimidate Dr Yunus." He called on the government to ensure a "fair and transparent" legal process for Yunus as he appeals against his conviction.


Source: bd News24 February 14, 2024 08:15 UTC



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