Thursday, March 03, 2011

Muhammad Yunus court case against sacking


Bangladeshi Nobel laureate Muhammad Yunus has launched a legal battle, one day after he was sacked from the Grameen microfinance bank he founded.

Prof Yunus lodged a case in Bangladesh's High Court challenging his dismissal from the post, lawyers said.

The central bank sacked him saying he was past retirement age and had been improperly installed in his post. Grameen Bank disputes the accusations.

See full Article.