Monday, April 25, 2011

Bangladesh - Grameen Bank: Yunus loses last appeal

The Dhaka daily devoted its front page to a new judicial setbacks of the founder of Grameen Bank, the bank pioneer of microcredit. "The Supreme Court yesterday rejected the request of the Nobel Laureate, Professor Muhammad Yunus, against a decision of the High Court upholding his dismissal from the direction of the Grameen Bank - which he founded thirty years ago." According to the newspaper, Nicolas Sarkozy expressed his support for Yunus and said his government would discuss the matter with the Bangladeshi authorities.

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