Apex court confirms Yunus removal from Grameen Bank (Lead)
April 5th, 2011 - 3:35 pm ICT by IANS
Dhaka, April 5 (IANS) The Bangladesh Supreme Court Tuesday confirmed the removal of Nobel Laureate Muhammad Yunus from as the managing director of the Grameen Bank that he had founded in 1976.
The Appellate Division of the Supreme Court dismissed Yunus’ petition filed against a High Court verdict upholding an order of the Bangladesh Bank, the country’s central bank, replacing him.
A seven-member bench of the Appellate Division, headed by Chief Justice A.B.M. Khairul Haque, delivered the order after a hearing, reported Star Online, web site of The Daily Star and bdnews24.com, a web newspaper.
Yunus and Grameen jointly won the Nobel peace prize in 2006 for the pioneering effort in delivering small credits to rural women in Bangladesh.
The Grameen model has been replicated in many countries across the world.
Yunus’s removal March 2 has caused protests at home and abroad. Governments, including those of the US and France, have officially expressed concern.
The government of Prime Minister Sheikh Hasina says that Yunus, 70, has stayed at the helm of the bank beyond the limits permitted under the laws of the land that govern banking.
Grameen Bank says it is only partly government owned.
- Bangladesh apex court confirms Yunus removal from Grameen Bank (Second Lead) - Apr 05, 2011
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- Bangladesh apex court adjourns Yunus hearing - Apr 06, 2011
- Bangladesh apex court dismisses Grameen, Yunus appeals (Lead) - May 05, 2011
- Bangladesh Supreme Court to hear Yunus' plea Tuesday - Apr 04, 2011
- Bangladesh court adjourns Yunus hearing till April 4 - Mar 29, 2011
- Yunus moves apex court against removal from Grameen Bank - Mar 09, 2011
- Full bench of Bangladesh apex court to hear Yunus's appeal (Lead) - Mar 09, 2011
- Bangladesh's Grameen bank chief Yunus steps down - May 13, 2011
- France takes up Yunus case with Bangladesh - Apr 25, 2011
- Grameen Yunus's petition hearing put off for two weeks - Mar 15, 2011
- Yunus's Grameen ouster verdict by Dhaka court Tuesday - Mar 07, 2011
- Yunus remains Grameen Bank chief despite court verdicts - May 07, 2011
- Grameen Bank case: Bangladesh Supreme Court to hear Yunus appeal - Mar 15, 2011
- French president supports Grameen's Yunus - Apr 06, 2011
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