Vilification of GB
I would like to support Dr Muhammad Yunus, the founder of Grameen Bank, who has asserted that a person is innocent until found guilty. Our Prime Minister has voiced her government's decision to probe the matter to find out 'if there was any unauthorised fund transfer' by GB's founder. Soon after the PM's comment for investigation, Dr. Yunus promptly welcomed the move for a probe into the allegations of so-called unauthorised transfer of funds being levelled against Grameen Bank and him as an individual.
It has become a practice for politicians to interfere in the administration of autonomous institutions. Political power, when extended to the governance of autonomous institutions, tends to sap their energy and destroy them. The tussle between the government and the MD of Grameen Bank seems to be the result of an ego clash.
Politicians should bear in mind that some institutions have achieved pre-eminence over a period of time through the hard and sustained efforts of committed professionals.
Political interference in autonomous institutions and public sector companies is common. The Grameen Bank management has shown the courage to stand up to the Prime Minister. Eminent institutions have built their reputation because of non-interference over the years. Autonomous institutions are doing yeoman service. Hasty decisions should not be taken with regard to its administration. Ignoring monetary attraction, many continue to serve in such institutions as a labour of love. Their dedication should not be put to test.
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