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Bangladesh apex court to hear Yunus’s appeal
Dhaka, Mar 9 (IANS):
Published on 10 Mar. 2011 12:43 AM IST
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A full bench of Bangladesh’s Supreme Court will hear Nobel laureate Muhammad Yunus’s petition seeking a stay on the high court judgment upholding his dismissal as managing director of the Grameen Bank.
After hearing the stay petition Wednesday, chamber judge Syed Mahmud Hossain forwarded it to the full bench of the Supreme Court.
Yunus’s lawyer filed the petition with the Appellate Division of the Supreme Court, a day after a two-judge high court bench said that his continuance as managing director after 1999 was illegal, 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 microcredit 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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