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Image via WikipediaDhaka, (Analysis);Nobel laureate from Bangladesh, Muhammad Yunus eventually resigned from the Grameen Bank, a week after the Supreme Courtrejected the claim.
Jonah will resign from his position as Managing Director ofGrameen Bank, and was replaced by his deputy, Nurjahan Begum.
"I took this step without prejudice to the legal issues raised beforethe Supreme Court and to prevent undue interference in theGrameen Bank," Yunus said in a release as quoted by AFP onFriday (13 / 5).
Yunus, 70, was removed by the Central Bank of Bangladesh fromhis post as leader of bank that focuses on micro-credit on March 2as it is considered beyond the retirement age of 60 years. But he is against the order was to file a lawsuit later rejected by theSupreme Court on May 5.
Yunus's removal is the top row with the government led by the Awami League. He broke with Prime Minister Sheikh Hasina in2007 when trying to form a new party.
Government of Bangladesh has a 25% stake in Grameen whopioneered the concept of small business loans to the poor peoplewho then copied around the world.
Men are regarded as a pioneer of microcredit is hoped his resignation would not pose difficulties for colleagues and 8 millioncustomers and bank owners.
Government of Bangladesh is currently studying a number ofrecommendations from the investigation agency to radicallyrestructure the Grameen Bank and its 'brother', includingoverhauling the board of the Grameen Bank. (DTC)
source: analisadaily.com
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