Don't miss

Replay


LATEST SHOWS

THE DEBATE

Davos Debate: Getting a fair share from multinationals

Read more

THE DEBATE

Davos Debate: Getting a fair share from multinationals (part 2)

Read more

EYE ON AFRICA

Adama Barrow sworn in as President, Ecowas forces enter Gambia

Read more

BUSINESS DAILY

DAVOS 2017: Trump 'could hit the ball out of the park'

Read more

BUSINESS DAILY

DAVOS 2017: May's Brexit plan 'not realistic'

Read more

THE DEBATE

Showdown in Gambia: Foreign troops at border as Jammeh refuses to go (part 1)

Read more

THE DEBATE

Showdown in Gambia: Senegalese troops enter Country as Jammeh refuses to go (part 2)

Read more

PEOPLE & PROFIT

Davos 2017: Global leaders try to understand populist surge

Read more

BUSINESS DAILY

DAVOS 2017: What next for the global healthcare industry?

Read more

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

COMMENT(S)