Nobel laureate Yunus must surrender after arrest warrant, court rules
October 28 2019 06:30 PM
Mohammad Yunus
Yunus is the founder of the micro-lending Grameen Bank, which gives loans to entrepreneurs too poor for traditional bank loans, and won the Nobel Peace Prize in 2006

dpa/Dhaka

Nobel peace prize winner Mohammad Yunus must give himself up before November 7 after an arrest warrant was issued following a lawsuit filed by three former employees, the Bangladeshi High Court ruled on Monday.
 A labour court in Dhaka had issued an arrest warrant for Yunus and two other executives of Grameen Communications after they failed to appear.
Three plaintiffs have challenged the decision of Grameen Communications to fire them after they say they tried to form a trade union.
Yunus is the founder of the micro-lending Grameen Bank, which gives loans to entrepreneurs too poor for traditional bank loans, and won the Nobel Peace Prize in 2006. He lost a legal battle after the government of Prime Minister Sheikh Hasina removed him from the bank over retirement age regulations in 2011.
Grameen Communications, a not-for-profit information technology firm, is one of a number of companies under the Grameen umbrella founded by Yunus.



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