Monday, April 18, 2011

Bangladesh’s Supreme Court has rejected Dr. Yunus’s Appeal

The Bangladesh Supreme Court on Tuesday fixed the elimination of Nobel Laureate Muhammad Yunus from post of Managing Director of the Grameen Bank that he had originated in 1976. The Appellate Division of the Supreme Court rejected Dr. Yunus' appeal filed against a High Court ruling continuation an order of the Bangladesh Bank, the country's main bank, restoring him.

A seven-member bench of the Appellate Division, headed by Chief Justice A.B.M. Khairul Haque, conveyed the order after a consideration, reported Star Online, web site of The Daily Star and, a web newspaper.
Yunus and Grameen equally won the Nobel peace prize in 2006 for the revolutionary struggles in contributing small credits to country’s women in Bangladesh.
The Grameen replica has been faked in many countries across the world. Dr. Yunus's quit from March 2 has basis on demonstration at home and overseas. Governments, including the US and France, have formally showed great worries.
The government of Prime Minister Sheikh Hasina says that Dr. Yunus, 70, has continued at the controls of the bank beyond the restrictions allowed under the laws of the land that govern banking.
Grameen Bank says it is only somewhat government possession

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