Bangladesh set to resume Yunus court hearing
March 7th, 2011 - 12:44 pm ICT by ANI
London, Mar 7 (ANI): Bangladesh’s High Court is set to resume its hearing to ascertain whether Nobel peace laureate and micro credit pioneer Muhammad Yunus was sacked illegally or not.
His supporters believe that sacking of the 70-year old is politically motivated by the Bangladesh government as they want to bring Grameen under its control
Yunus’ lawyers laid out their case on Sunday before the court was adjourned.
Last week, the central bank fired Yunus from Grameen Bank, saying that he violated the country’s retirement laws, The BBC reports.
The Grameen Bank, created in 1983 by Yunus gives small sum of money to millions of poor and marginalised people to run their own businesses.
Analysts say Prime Minister Sheikh Hasina fell out with Prof Yunus in 2007 when he tried to set up his own political party, The BBC reports.
In December 2010, she had accused Yunus of treating Grameen Bank as his “personal property” and claimed the group was “sucking blood from the poor”. (ANI)
- Father of micro finance Mohommad Yunus asked to quit Grameen Bank - Feb 22, 2011
- 'Friends of Grameen Bank' defend Nobel laureate Yunus from aggressive govt attacks - Feb 17, 2011
- 'Charges against Muhammad Yunus politically motivated' - Feb 18, 2011
- Bangladesh Govt. asks Muhammad Yunus to give up Grameen Bank post - Feb 16, 2011
- Mixed reactions to Yunus sacking - Mar 03, 2011
- Bangladesh's microcredit pioneer Yunus always spoke for poor (With Yunus loses appeal against ouster from Grameen Bank) - Mar 08, 2011
- Bangladesh court verdict on Muhammad Yunus plea Sunday - Mar 03, 2011
- France takes up Yunus case with Bangladesh - Apr 25, 2011
- Yunus's Grameen ouster verdict by Dhaka court Tuesday - Mar 07, 2011
- Dhaka court hears petition challenging Yunus' ouster - Mar 06, 2011
- Nobel laureate Yunus loses Bangladesh court appeal - Apr 05, 2011
- Bangladesh's Grameen bank chief Yunus steps down - May 13, 2011
- Yunus opposes government move to control Grameen Bank - May 26, 2011
- Apex court confirms Yunus removal from Grameen Bank (Lead) - Apr 05, 2011
- Grameen Bank challenges government ownership claim - Feb 02, 2011
Tags: bangladesh government, bbc, court hearing, grameen bank, lawyers, london, micro credit, minister sheikh hasina, muhammad yunus, nobel peace laureate, personal property, pioneer, prime minister, retirement, sum of money