Gulf Today

Court asks Nobel laureate to surrender

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DHAKA: Bangladesh’s High Court on Monday asked micro-credit pioneer and Nobel laureate Muhammad Yunus to surrender to a labour court by Nov.7 over the firing of three employees by Grameen Communicat­ions, where he is chairman.

The order came in response to a petition seeking a stay of an arrest warrant for Yunus issued by the labor court last month, when he was abroad.

A two-judge panel at the High Court asked the authoritie­s not to arrest or harass Yunus before he surrenders by Nov.7, said his lawyer, Rokanuddin Mahmud.

The three employees filed the cases in July, saying they were terminated illegally after seeking to form a trade union.

Yunus founded Grameen Bank, which provides small loans to impoverish­ed people and shared the Nobel Peace Prize with him. He has faced several investigat­ions by the government of Prime Minister Sheikh Hasina, who has frosty relations with him. He was removed from the bank after surpassing retirement age.

A government-appointed investigat­ion found that Grameen Bank violated its charter as a micro-lender by creating affiliates that did not benefit the bank’s shareholde­rs, and recommende­d the government merge those businesses with the bank. Yunus maintains those businesses are independen­t and should remain so.

Hasina was reportedly angered by Yunus’ 2007 atempt to form his own political party backed by the influentia­l army when the country was under a state of emergency and Hasina was behind bars. Hasina came to power in a 2008 election and ordered an investigat­ion of Yunus.

Currently Grameen Bank has about 9 million members, 97% of whom are women. With 2,568 branches, the bank provides services in 81,677 villages, covering more than 93% of the total villages in Bangladesh.

In an unrelated developmen­t, Bangladesh police arrested a Rohingya man with $5 million of methamphet­amine pills in their biggest narcotics haul this year, officials said on Monday.

Special police staged a raid on a beach in the Cox’s Bazar district on the border with Myanmar on Sunday following a tip that a trawler carrying the drugs would land there, a spokesman said.

The spokesman said 800,000 pills were found in sacks in the trawler and one Rohingya suspect was detained while several others escaped.

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Nobel Laureate Muhammad Yunus speaks on the 4th annual Social Business Day in Dhaka.
File / Associated Press ↑ Nobel Laureate Muhammad Yunus speaks on the 4th annual Social Business Day in Dhaka.

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