Bangladesh orders legal action against Yunus

DHAKA, Bangladesh (AP) — The Bangladesh government has ordered legal action against the country’s Nobel laureate Muhamamd Yunus, accusing him of evading taxes on overseas income, including from book royalties, speeches at conferences and numerous awards.

Yunus issued a statement late Monday denying the allegations.

Cabinet Secretary Musharraf Hossain Bhuiyan told reporters that the decision came after a Cabinet meeting, chaired by Prime Minister Sheikh Hasina , discussed a report submitted by the National Board of Revenue on alleged tax irregularities by Yunus. He did not say what the legal action would be taken.

Yunus was ousted last year as managing director of pioneering small-loan provider Grameen Bank after the High Court ruled the 73-year-old violated retirement laws by serving beyond the age of 60. He won the Nobel peace prize in 2006.

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