Cops record case; Grameen Bank concerned Police yesterday recorded a case in connection with abduction of a Grameen Bank official from the capital’s Mirpur Friday evening and his release after four hours of torture allegedly by intelligence personnel. Victim Sagirur Rashid Chowdhury, an accounts officer of the bank, alleged, “Some personnel of the intelligence aided ... Read more
grameen bank
Prof Yunus to remain MD until decision by GB board
Prof Muhammad Yunus is still the managing director of Grameen Bank and will continue to be so until the bank’s board of directors appoints a new MD, said Rokanuddin Mahmud, a counsel for the Nobel laureate, yesterday. Rokanuddin’s statement came a day after the Supreme Court (SC) affirmed a High Court verdict
Achievements in 10 ‘unlawful’ yrs
When a person passes a decade in a position “unlawfully” and then is suddenly removed for that “unlawful” occupation, one tends to ask what he did and how his organisation fared during that passage of time. For Prof Muhammad Yunus and Grameen Bank in which he served as the managing director, those ten years were ... Read more
Make Yunus chairman
Demand Grameen Bank staff The board members and employees of Grameen Bank have urged the government to appoint Nobel Laureate Prof Muhammad Yunus as the bank’s chairman. Grameen Bank Karmachari Samity (employees’ association) made the call yesterday, hours after the Supreme Court refused Yunus’ petition to overturn an order that dismissed him from the
Utilise Yunus’ experience in running GB
Suggest 3 economists Three senior economists yesterday said the government should utilise the expertise of Nobel laureate Prof Muhammad Yunus in running Grameen Bank. Akbar Ali Khan, formerfinance adviser to a caretaker government; Debapriya Bhattacharya, distinguished fellow of Centre for Policy Dialogue; and former central bank governor
SC dismisses Yunus petition
The Supreme Court on Thursday dismissed two petitions filed in connection with Dr Muhammad Yunus’ removal from the post of managing director at Grameen Bank. The seven-member bench of the Appellate Division headed by Chief Justice ABM Khairul Haque passed the order at about 10:20am
Yunus’s lawyers call HC order ‘perverse’, ‘biased’
Lawyers acting for Mohammad Yunus, the founder of Grameen Bank, argued on Monday before the Appellate Division of the Supreme Court that the High Court order, which had ‘summarily dismissed’ their application challenging the legality of Bangladesh Bank’s attempt to remove their client from his post of managing director, was ‘perverse’,
Appoint Yunus as chairman
Grameen Bank employees urge govt Employees of Grameen Bank yesterday urged the government to appoint Nobel laureate Prof Muhammad Yunus as chairman of the microfinance bank to ensure its smooth running. “If Prof Yunus cannot be allowed to work as managing director for crossing retirement age, he should be appointed chairman,” said Md Shamsul Alam, ... Read more
Yunus wants to see Grameen Bank unharmed
Nobel laureate Dr Muhammad Yunus on Wednesday said he want to see Grameen Bank remains unscathed in future. The microcredit guru told this to the review committee on the issues relating to Grameen Bank while presenting his exit plan at a meeting at
Yunus’ plea hearing adjourned till Apr 4
The Supreme Court on Tuesday adjourned till April 4 the hearing on the appeals filed against the High Court verdict that upheld a Bangladesh Bank order removing Muhammad Yunus from the office of Grameen Bank managing director. The seven-member bench of the Appellate Division headed by Chief Justice ABM Khairul Haque
US for govt talks with Yunus
Blake says compromise possible; Wolfensohn backs amicable solution The United States yesterday called for a dialogue between Prof Muhammad Yunus and Bangladesh government to reach a solution to the dispute over the status of the Nobel laureate in the Grameen Bank he founded. “‘I do believe that a compromise is possible and I am encouraging ... Read more
Room still there for compromise
Blake says about Yunus’ removal after meeting PM; Muhith says Yunus could be a fellow at GB US Assistant Secretary of State for South and Central Asian Affairs Robert Blake yesterday said “there is still room for compromise” in resolving the issue arising from the removal of Nobel laureate Prof Muhammad Yunus as the Managing ... Read more
Norwegian Television’s big lie
by David Bergman Tom Heinemann, the director of the documentary broadcast on Norwegian television which accused Muhammad Yunus of transferring aid money out of the Grameen Bank and using some of it to fund a telecom company, appears on the cusp of securing a big scalp. There can be little doubt that without the broadcast ... Read more
SC to examine Yunus verdict
Adjourns appeal hearing for two weeks The Supreme Court yesterday adjourned for two weeks the hearing on two appeals filed against the High Court verdict that upheld a Bangladesh Bank order removing Muhammad Yunus from the office of Grameen Bank managing director. Nobel Laureate Dr Yunus and nine board members of the microfinance bank on ... Read more
US congressmen send letter to PM
Urges her to resolve Yunus issue thru’ mutual compromise; full SC bench hears Yunus appeal today Twenty-six congresspeople of the United States have said they are troubled by the removal of Prof Muhammad Yunus from the Grameen Bank, and urged Prime Minister Sheikh Hasina to resolve the issue through a mutual compromise. Meanwhile, the Bangladesh ... Read more
Listen to 80 lakh owners
Rehman Sobhan urges govt about Grameen Bank at micro-credit roundtable The government should heed the calls of 80 lakh Grameen Bank shareholders and let a democratic process determine how the organisation will be run, eminent economist Rehman Sobhan said yesterday. “If you respect democracy, the prime ownership rests with the principal shareholders of the organisation. This ... Read more
Yunus is a political victim
Say some British MPs, academics Lord Avebury, vice-chair of the UK Parliamentary Human Rights Group, has said the removal of Grameen founder Prof Muhammad Yunus by the government from his post raises serious concerns about the creeping politicisation of development work and civil society in Bangladesh. In a joint statement in London issued on March 11, ... Read more
More support for Yunus from abroad
The world’s best-known microfinance institutions and over a dozen Bangladeshi scholars living abroad condemned the government move to remove Prof Muhammad Yunus from Grameen Bank. In a statement, Tilman Ehrbeck, chief executive of the Consultative Group to Assist the Poor (CGAP), and Vijay Mahajan, chair of the CGAP board, said, “We are deeply concerned by ... Read more
Abed, Yunus among world’s top 100
Two renowned Bangladeshis have been included in a list of ‘Top 100 Individuals’ who have committed themselves to improve the lives of girls and women around the world. Founder of Grameen Bank and Nobel laureate Dr Muhammad Yunus and Sir Fazle Hasan Abed, founder and chairperson of Brac, were included in the list prepared by ... Read more
Grameen Bank on Joy’s letter
Sajeeb Wajed Joy, son of Prime Minister Sheikh Hasina, has riddled Grameen Bank with allegations of tax evasion, fraud and illegal activities under its founder Muhammad Yunus, prompting the microlender to issue a firm rebuttal. In a statement yesterday, the “Bank for the Poor” disputed Joy’s letter, published in a section