Bangladesh Supreme Court to hear Yunus’ plea Tuesday

April 4th, 2011 - 2:57 pm ICT by IANS  

Dhaka, April 4 (IANS) Bangladesh’s Supreme Court will on Tuesday hear the plea of Grameen Bank founder Muhammad Yunus challenging his removal from the managing director’s post last month.

A seven-member bench of the Appellate Division, headed by Chief Justice A.B.M. Khairul Haque passed the order Monday.

The Nobel laureate filed the petition Sunday challenging a high court verdict last month dismissing his plea against his removal.

Yunus, 70, who founded the bank in 1976, has moved the apex court against an order of the Bangladesh Bank, the country’s central bank, removing him on the ground that he is overaged.

The central bank said Yunus had failed to seek its approval when he was reappointed as managing director in 2000, violating one of the statutes of the partly state-owned Grameen Bank.

He was represented by former law minister Kamal Hossain, barrister Rokanuddin Mahmud and barrister Sara Hossain while Attorney General Mahbubey Alam appeared for the government, reported Star Online, the website of The Daily Star.

Yunus and nine board members of the micro finance bank March 9 filed two separate provisional leave-to-appeal petitions with the apex court, seeking a stay on the operation of the verdict and the Bangladesh Bank order.

His removal March 2 has been criticised at home and by many governments, including the US and France.

“Friends of Grameen”, a body of international luminaries headed by former Irish prime minister Mary Robinson, is also campaigning for Yunus’ reinstatement.

Related Stories

Tags: , , , , , , , , , , , , , , , , , , ,

Posted in World |