More

    Jail Term for Bangladeshi Nobel Laureate Muhammad Yunus

    GovernanceAccountabilityJail Term for Bangladeshi Nobel Laureate Muhammad Yunus
    - Advertisment -

    Jail Term for Bangladeshi Nobel Laureate Muhammad Yunus

    Embroiled in a protracted row with the government, Muhammad Yunus has got a jail term for violations of the country’s labour laws. He is out on conditional bail.

    A Bangladeshi labour court on Monday sentenced the country’s only Nobel Peace Prize winner, Muhammad Yunus and three of his colleagues to six months in prison on Monday for violating the country’s labor laws. Yunus and his three colleagues from Grameen Telecom, one of the firms he founded, are accused of violating labour laws when they failed to create a workers’ welfare fund in the company.

    Sheikh Merina Sultana, head of Dhaka’s Third Labour Court, delivered the verdict. The court also fined Yunus 30,000 takas ($272).

    The court recorded evidence in the case filed by labor officials of the government in the space of four months. Yunus’s lawyers allege that the case’s proceedings were completed in a tearing haste.

    The 83-year-old Bangladeshi social entrepreneur, banker, economist and civil society leader, who said he would appeal the decision told reporters, “I have been punished for a sin I did not commit. If you want to call it justice, you can.”

    - Advertisement -

    The court gave the founder of the Grameen Bank and his colleagues 30 days to appeal the verdict and sentence. It simultaneously granted them bail as well.

    Taking note of the government’s reletless actions against the Nobel laureate, 40 world leaders and Nobel laureates had written appealed to Bangladesh Prime Minister Sheikh Hasina over her government’s treatment of Yunus. They said that he had been unfairly attacked and repeatedly harassed.

    Sucking poors’ blood?

    Muhammad Yunus was awarded Nobel Peace Prize in 2006 for founding Grameen Bank and the pioneering the concepts of microcredit and microfinance. He showed the worth of lending to entrepreneurs from the poorest sections of Bangaldeshi society who were cast aside by the conventional banking system.

    But Yunus also earned the ire of Prime Minister Sheikh Hasina, who accused him of “sucking blood” from the poor. Prime Minster Hasina made several scathing verbal attacks against him, and political observers say that she feared he would become her political rival.

    He was removed from the post of managing director in 2011 in a row over his retirement age. This, his supporters say, was done at the behest of the government.

    Muhammad Yunus has been embroiled in a longstanding row with the government. He is battling at least 168 cases, including alleged tax evasion and misappropriation of profits. The latest decision acrues from his role as chairman of Grameen Telecom, a nonprofit company.

    Image: Wikimedia Commons

    - Advertisement -

    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here

    Latest news

    SouthAsia: UNODC Report Flags Distinct Synthetic Drug Markets Across Region

    By documenting distinct national patterns while highlighting shared vulnerabilities, the assessment provides a common analytical foundation for policymakers, investigators and health authorities.

    Sri Lanka Can Unlock Export Growth Through High-Value Agribusiness, Says Think Tank Study

    By addressing tariff distortions, policy unpredictability and underinvestment in knowledge and infrastructure, the country can better convert its agricultural strengths into higher export earnings, more productive jobs and broader economic gains.

    Delhi Tightens Grip on 2,354 Industries with Real-Time Emission Monitors and Stricter Pollution Limits

    The plan underscores both the technical feasibility of continuous industrial monitoring at scale and the practical difficulties of extending such systems to thousands of smaller enterprises.

    India Eyes Global Food Basket Status with ‘Team Agriculture’ Push and Soil Health Drive

    Chouhan said expanding market access in this way can deliver better returns to farmers while advancing India’s goal of emerging as a major global food basket.
    - Advertisement -

    Editors Guild Report Lays Bare Credibility Crisis in Mainstream Indian Television

    The Editors Guild has positioned itself as a moral and ethical anchor for the industry, repeatedly calling for accuracy, balance and resistance to external pressures.

    Sri Lanka: Signature Campaign Seeks Fresh Presidential Pardon for Controversial Godman

    The initiative, supported by senior members of the Maha Sangha, comes in the wake of a landmark Supreme Court ruling that invalidated a previous pardon granted to the controversial Buddhist monk.

    Must read

    SouthAsia: UNODC Report Flags Distinct Synthetic Drug Markets Across Region

    By documenting distinct national patterns while highlighting shared vulnerabilities, the assessment provides a common analytical foundation for policymakers, investigators and health authorities.

    Sri Lanka Can Unlock Export Growth Through High-Value Agribusiness, Says Think Tank Study

    By addressing tariff distortions, policy unpredictability and underinvestment in knowledge and infrastructure, the country can better convert its agricultural strengths into higher export earnings, more productive jobs and broader economic gains.
    - Advertisement -

    More from the sectionRELATED
    Recommended to you