Thursday, May 05, 2011

Bangladesh court dismisses Nobel laureate Yunus’ last appeal to stay at bank he founded


Bangladesh’s highest court on Thursday upheld the government’s decision to remove Nobel laureate Muhammad Yunus from his pioneering microfinance agency Grameen Bank. The ruling ends his decades of leadership at the bank he set up to lend money to the poor.

A seven-member Supreme Court panel led by the chief justice announced it had dismissed Yunus’ appeal to remain the bank’s managing director.

See full Article.