Two more ex-staff sue GT chairman Yunus, MD Ashraf

Staff Correspondent | Published: 01:01, Mar 21,2017

 
 

Two more former employees of Grameen Telecom sued Grameen Telecom chairman Professor Muhammad Yunus and managing director Ashraful Hassan for non-payment of dividends on Monday.
Third Labour Court chairman Sultan Mahmud accepted the petitions of former GT deputy manager Sheikh Mohammad Shariful Islam and former officer Kumar Roy.
Yunus and Ashraf flouted Bangladesh Labour Act 2006 by not paying dividends on profits to workers in the past 10 years, said plaintiffs’ lawyer Jafrul Hassan Sharif.
GT’s profits during the period stood at Tk 2158.65 crore, the plaintiffs said.
In the cases, labour ministry secretary Mikail Shipar and director general of the government-run Workers’ Welfare Foundation Fund ANM Anisul Awal were made substitute defendants.
Ten former GT employees filed separate cases earlier against Yunus and Ashraf on the same ground.
GT owes Tk 86.34 crore to its employees in arrear dividends as the law requires GT to pay four per cent of its net profit as dividends to its workers, the plaintiffs told court.
Founded by Nobel laureate Muhammad Yunus, GT holds 34.2 stakes in Grameenphone.
GT earned Tk 21,586,520,417 in dividends from the profits Grameenphone earned in the past 10 years, said the lawyer.
Ashraf told New Age that the GT would face the cases in the court.
Labour ministry secretary Mikail Shipar refused to make any comment as the matter was sub judice. 

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