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
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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