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Yunus
moves apex court against removal from Grameen Bank
Wednesday March 09, 2011 02:09:04 PM,
IANS
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Related Article |
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Yunus
loses appeal against ouster from Grameen Bank
The Dhaka High Court Tuesday rejected Nobel laureate Muhammad Yunus's writ petition challenging the legality of his removal as
managing director of Grameen Bank that he founded three decades
ago.
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Dhaka:
Bangladeshi Nobel Laureate Muhammad Yunus Wednesday filed a
petition in the Supreme Court to seek a stay on the high court
judgment upholding his dismissal as Grameen Bank managing
director.
Yunus' lawyer filed the petition with the Appellate Division of
the Supreme Court Wednesday, a day after a two judge high court
bench said that his continuance as managing director after 1999
was illegal, bdnews24.com, a news website reported.
The bench of justices Muhammed Mamtaz Uddin Ahmed and Gobinda
Chandra Tagore Tuesday dismissed two writ petitions - one filed by
Yunus and the other by nine directors of the bank - against the
March 2 order of Bangladesh Bank, the country's central bank,
removing Yunus. It observed that the Grameen Bank founder had been
re-appointed improperly.
Grameen, the micro-credit bank for rural women, has been
replicated in many countries across the world.
Yunus and the bank jointly won the 2006 Nobel Peace Prize.
Yunus's removal led to protests at home and abroad.
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