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Interim Leader Yunus
Interim Leader Yunus

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Bangladesh Sees “Student-Led Revolution” After Sheikh Hasina’s Ouster, Says Interim Leader Yunus

Bangladesh is undergoing what has been described as a “student-led revolution” following the ousting of longtime Prime Minister Sheikh Hasina, according to the country’s new interim leader, Muhammad Yunus. The Nobel laureate made these remarks during a press briefing on Sunday, highlighting the dramatic shift in the nation’s political landscape.

“This is a revolution, a student-led revolution,” Yunus, 84, declared, emphasizing the magnitude of the recent events. There’s no doubt about it because the business of the whole government collapsed.

Yunus, who returned to Bangladesh from Europe last Thursday, was called upon by student leaders to lead the country through a period of democratic reforms following the ouster of Hasina. His return marks a significant moment in Bangladesh’s history, as the nation grapples with the aftermath of a leader who ruled with an iron fist for years.

“I respect you, I admire you. What you have done is absolutely unparalleled,” Yunus recounted, describing his conversation with the student leaders who requested his leadership. “‘Because you ordered me to do this, I take your order’,” he told them.

The wave of student protests that led to Hasina’s resignation also triggered a series of resignations among her top allies, including the former chief justice of the Supreme Court and the central bank governor. These officials, who had been pressured to step down by the students, resigned legally, according to Yunus.

“They want to have a new court,” Yunus said, referring to the students’ demands. “So they went there and asked the chief justice to resign and put their pressure to make him resign.” He expressed confidence that the students would find a legal basis for these actions, as all steps were conducted according to the law.

Hasina, 76, fled Bangladesh by helicopter as protesters took to the streets of Dhaka in massive numbers, marking the end of her long and controversial rule. Her government had faced numerous accusations of human rights abuses, including the extrajudicial killings of thousands of political opponents. “Finally, this moment, the monster is gone,” Yunus remarked, reflecting the sentiment of many in the country.

Despite the widespread support for his interim government, Yunus cautioned that difficult decisions lie ahead. “The moment you start taking decisions, some people will like your decisions, some people will not like your decisions,” he noted. “Obviously, that’s the way it works.”

Yunus made these comments during a media briefing on Sunday night at a state building currently serving as the temporary seat of government. His office approved the release of the remarks on Monday evening.

Yunus, who was awarded the Nobel Peace Prize in 2006 for his groundbreaking work in microfinance, credited with lifting millions of Bangladeshis out of poverty, now serves as the “chief adviser” to a caretaker administration. The government, composed entirely of civilians except for a retired brigadier general, is tasked with guiding the country through a tumultuous period.

Yunus has indicated his intention to hold elections “within a few months,” signaling a move towards restoring democratic governance in Bangladesh.

Business

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Business

Fraudsters are increasingly using AI-generated images and videos to trick people into handing over sensitive personal and financial information, according to FraudSMART, the financial crime awareness initiative operated by the Banking and Payments Federation Ireland (BPFI). The organisation has reported a rise in online adverts promoting fake, State-backed investment schemes. These scams often use fabricated images of well-known politicians and business figures to make the offers appear legitimate and encourage users to click on registration links. Niamh Davenport, head of financial crime at BPFI, said scammers are deliberately exploiting recent media coverage of a planned State-backed savings and investment scheme to give their frauds a sense of credibility. “They often claim the scheme is open to everyone, but that places are limited and being ‘snapped up’ fast, in order to pressure people to act quickly,” she said. “They typically promise guaranteed returns or a guaranteed monthly income.” FraudSMART said that while anyone can be targeted, people in their early 50s are particularly vulnerable to investment scams. This age group is often focused on retirement planning, making them more receptive to financial offers that appear secure or high-yield. According to the organisation, most scams follow a similar pattern. Victims are first directed to click a registration link and complete a short online form providing their contact details. They are then contacted by someone posing as a financial adviser, who urges them to make an immediate “security deposit” to secure participation in the scheme. Once a payment is made, the money is quickly moved through multiple accounts, often overseas, making recovery extremely difficult. Davenport warned that scammers are becoming more sophisticated in their use of technology, particularly AI tools that allow them to create realistic but entirely fake promotional content. These materials are designed to mimic legitimate financial advertisements and build trust with potential victims. Recent figures from An Garda Síochána show investment fraud rose by 20% last year, with losses exceeding €20 million. The scale of individual scams varies widely, ranging from smaller crypto-related frauds involving a few hundred euro to large-scale investment schemes where victims lose tens of thousands. FraudSMART is urging the public to remain cautious when encountering online investment advertisements, especially those promising guaranteed returns or requiring urgent action. It also advises consumers to avoid sharing personal information with unverified sources and to be wary of pressure tactics designed to rush financial decisions. Authorities continue to warn that fraudsters are adapting quickly, using advanced digital tools to target victims across multiple platforms.

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