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Asia-pacific

Top court delays Yunus appeal hearing

Text by News Wires

Latest update : 2011-03-15

Bangladesh’s Supreme Court on Tuesday delayed the hearing of an appeal by Nobel laureate Muhammad Yunus (pictured) against a court confirming his forced retirement from Grameen Bank, his pioneer microlending institution.

REUTERS - Bangladesh's Supreme Court on Tuesday adjourned the hearing of an appeal by Nobel laureate Muhammad Yunus against a lower court decision upholding his removal from a premier microlending bank he founded.

Yunus, 70, was removed as head of Grameen Bank on the grounds that he had stayed on past the legal retirement age of 60. There was no immediate explanation why the removal came now and not 10 years ago.
 
Yunus and nine members of the board of directors of Grameen Bank filed two separate appeals this month challenging a High Court decision that upheld his removal.
 
The top court put off the hearing until March 29, a lawyer for Yunus said.
 
His associates say his removal is prompted by government vendetta after he briefly considered a political career to challenge Prime Minister Sheikh Hasina.

 

Date created : 2011-03-15

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