This Article is From Mar 08, 2011

Bangladesh court okays Yunus' dismissal from bank

Bangladesh court okays Yunus' dismissal from bank
Dhaka: A Bangladesh court has upheld Nobel laureate Muhammad Yunus' dismissal from the microfinance bank he founded.

Bangladesh's central bank ordered Yunus out of Grameen Bank last week, saying he was working in violation of the country's retirement laws.

Yunus, an outspoken government critic, has said the dismissal is illegal and appealed to the High Court. He has alleged that the government is trying to take control of his bank, which provides tiny loans to the poor.

The court ruled Tuesday that Yunus must go.


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