Yunus cleared of misusing foreign aid

Nobel laureate Mohammed Yunus was today cleared of misappropriating Norwegian aid money for his Grameen Bank by an official committee but the finding is unlikely to change the Bangladesh governments decision to see his ouster.

The report comes nearly two months after Yunus,a celebrated pioneer of micro-finance,was forced out on March 2 from the Grameen Bank which he founded nearly three decades ago.

Bangladesh Finance Minister AMA Muhith today said the committee appointed by the government to investigate Grameen Banks operations has found no evidence of financial irregularities.