Allegations baseless: Yunus Centre
'He has not been a public servant from the year 2000, all the laws that are applicable to a private citizen should apply to him as well'
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Dr Yunus' remuneration, royalties and awards while serving as managing director of Grameen Bank were illegal, NBR chairman said on Monday
The allegations, which the National Board of Revenue brought against
Nobel Laureate and Grameen Bank founder Dr Muhammad Yunus, are baseless,
the Yunus Centre has said.
Yunus Centre said as Dr Yunus had not been a government servant since the year 2000 as per a Supreme Court Order, he did not need to take the government’s permission for earning income from foreign organisations.
According to a SC order, Dr Yunus’s tenure after 2000 as the managing director of Grameen Bank was illegal.
Therefore, he did not need to take permission for accepting gifts, royalty and other incomes from abroad during or after that time, a Yunus Centre statement read.
“Since he has not been a public servant from the year 2000, all the laws that are applicable to a private citizen should apply to him as well; and thus, the allegations against him are ‘baseless’,” the statement said.
It also said Grameen Bank ran its activities following a special act where the management of the bank was the sole authority for making any decision.
“Dr Yunus has always taken concerns from GB management while doing something and he did not violated any rule.”
The statement also said Dr Yunus earned foreign money by delivering speeches; as royalties for the books that he had authored; and as gifts. He could show them as “tax free incomes” since the money were being brought through proper banking channels.
“Dr Yunus has always transferred such incomes through banking channels and submitted his tax returns to the NBR showing all his incomes. Now, it is up to the revenue body to decide what income will enjoy tax exemption and what will qualify for tax payment. However, tax authorities have never raised any question regarding his income, nor have they ever served any notice to him,” the statement added.
Yunus Centre said as Dr Yunus had not been a government servant since the year 2000 as per a Supreme Court Order, he did not need to take the government’s permission for earning income from foreign organisations.
According to a SC order, Dr Yunus’s tenure after 2000 as the managing director of Grameen Bank was illegal.
Therefore, he did not need to take permission for accepting gifts, royalty and other incomes from abroad during or after that time, a Yunus Centre statement read.
“Since he has not been a public servant from the year 2000, all the laws that are applicable to a private citizen should apply to him as well; and thus, the allegations against him are ‘baseless’,” the statement said.
It also said Grameen Bank ran its activities following a special act where the management of the bank was the sole authority for making any decision.
“Dr Yunus has always taken concerns from GB management while doing something and he did not violated any rule.”
The statement also said Dr Yunus earned foreign money by delivering speeches; as royalties for the books that he had authored; and as gifts. He could show them as “tax free incomes” since the money were being brought through proper banking channels.
“Dr Yunus has always transferred such incomes through banking channels and submitted his tax returns to the NBR showing all his incomes. Now, it is up to the revenue body to decide what income will enjoy tax exemption and what will qualify for tax payment. However, tax authorities have never raised any question regarding his income, nor have they ever served any notice to him,” the statement added.
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