Nobel Peace Prize-winning economist Muhammad Yunus pioneered micro loans as a tool to fight poverty. Now prosecutors in Bangladesh have linked him and his colleagues to a dizzying number of crimes, including embezzlement and laundering millions of dollars. 

Today on The Big Take, host K. Oanh Ha speaks to Bloomberg’s Kai Schultz about the complicated saga and what implications Yunus’s case has for Bangladesh, one of the fastest growing economies. We also hear from Yunus himself, who talks about the rift between him and Prime Minister Sheikh Hasina, and the personal impact of the legal drama.

Read more: 
Bangladesh Sentences Nobel Peace Prize Winner to 6 Months in Prison

Big Money Backs Tiny Loans That Lead to Debt, Despair and Even Suicide

Nobel Peace Prize-winning economist Muhammad Yunus pioneered micro loans as a tool to fight poverty. Now prosecutors in Bangladesh have linked him and his colleagues to a dizzying number of crimes, including embezzlement and laundering millions of dollars. 
Today on The Big Take, host K. Oanh Ha speaks to Bloomberg’s Kai Schultz about the complicated saga and what implications Yunus’s case has for Bangladesh, one of the fastest growing economies. We also hear from Yunus himself, who talks about the rift between him and Prime Minister Sheikh Hasina, and the personal impact of the legal drama.
Read more: <a href="https://www.bloomberg.com/news/articles/2024-01-01/bangladesh-sentences-nobel-winner-yunus-to-6-months-in-prison">Bangladesh Sentences Nobel Peace Prize Winner to 6 Months in Prison</a>
<a href="https://www.bloomberg.com/graphics/2022-microfinance-banks-profit-off-developing-world/">Big Money Backs Tiny Loans That Lead to Debt, Despair and Even Suicide</a>

The Big Take from Bloomberg News brings you inside what’s shaping the world's economies with the smartest and most informed business reporters around the world. The context you need on the stories that can move markets. Every afternoon.

The Big Take from Bloomberg News brings you inside what’s shaping the world's economies with the smartest and most informed business reporters around the world. The context you need on the stories that can move markets. Every afternoon.

Big Take

He Was the ‘Banker To The Poor.’ Now He Faces Life in Prison.

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/ea5db5b3-096f-4bdd-8484-b1b0011eb7ae/transcript

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