Bangladesh: Yunus Seeks Review of Dismissal Verdict

Dec 2011
Bangladesh, December, 29 2011 - Bangladeshi Nobel laureate Muhammad Yunus today sought a review of an apex court verdict that unseated him earlier this year from his position as the chief of the Grameen Bank, the pioneering micro lending agency he had founded three decades ago.

"We have filed a petition before the Appellate Division of the Supreme Court seeking it to review its own verdict in May this year on 'grounds of errors of law'," Yunus' lawyer Sarah Hossain told PTI.

She claimed that the apex court judgement was full of errors in terms of interpretation of law but declined to "speculate" if the review could restore 70-year-old Yunus' position as the Grameen Bank Director General.

Yunus, whose experiment of poor men's banking earned Bangladesh the repute of being the home of micro credit and himself the Nobel Peace Prize along with the Grameen Bank, stepped down as the Bank's executive chief on May 13.

His resignation came after he lost his final legal battle in the apex court to thwart a Bangladesh Bank decision removing him from the position earlier against the backdrop of his protracted dispute with Prime Minister Sheikh Hasina's government.

A large part of the country's civil society and international community rallied behind Yunus, with the US even warning that Dhaka-Washington ties could be at stake unless the government reached an amicable settlement with him.

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