Bangladeshi Nobel laureate Muhammad Yunus has been accused of stashing some $100 million originally for microcredit operations of his Grameen Bank to his another venture in 1996, breaching agreements with donors and violating the country's financial rules.
Yunus, 70, said he was relinquishing his post to prevent undue disruption of the bank's work.
Nobel Laureate Muhammad Yunus, whose experiment of poor men's banking in Bangladesh helped establish micro-credit movement across the developing world, will address the Indian Parliament in December this year.
Muhammad Yunus proved that he was neither an armchair economist nor a slogan mongering political activist, but a doer destined to do what Mahatma Gandhi said -- to remove every tear from every eye, recalls Rup Narayan Das.
Norway on Wednesday gave a clean chit to Grameen Bank founder Muhammad Yunus, saying it found no evidence of donor fund embezzlement by his bank, removing a cloud that had hovered over the Nobel Laureate.
Muhammad Yunus on Thursday promised to deliver a government which assures safety to its citizens, as the Nobel laureate returned to the protest-torn Bangladesh from Paris to take oath as the head of the interim government following the ouster of Sheikh Hasina.
Bangladesh descended into chaos on Monday as Prime Minister Sheikh Hasina surreptitiously resigned and fled the country in a military aircraft while the Army stepped in to fill the power vacuum.
Life has come full circle for Nobel laureate Professor Mohammad Yunus, who faced persecution during Sheikh Hasina's regime for embezzlement, is now all set to head of the interim government in Bangladesh after she resigned and fled the country.
Bangladesh President Mohammed Shahabuddin administered the oath of office to 2006 Nobel Laureate Muhammad Yunus as head of the country's interim government at the Bangabhaban in Dhaka.
Professor Yunus is in New York, accompanied by young Bangladeshis who led the student uprising against Hasina, and the bon homie he shared with two US presidents, current and past, will add masala to the conspiracy theorists.
British scientist Stephen Hawking and Bangaldeshi Nobel laureate Muhammad Yunus are among the 16 eminent personalities who were on Wednesday conferred 'Presidential Medal of Freedom', America's highest civilian award, by President Barack Obama.
Nobel Laureate Muhammad Yunus has welcomed Prime Minister Sheikh Hasina's call for an investigation into allegations that he channelled foreign aid meant for the Grameen Bank to another company.
Yunus, however, rejected reports that a committee was constituted for the negotiation.
'There is no substantive basis for Bangladesh-Pakistan relations. The only real link they can have is mischief, with Pakistan's intelligence agency using Bangladesh to create trouble along our eastern borders.'
The appellate division of the Supreme Court adjourned for two weeks the hearing on two appeals filed against a high court judgement that upheld a Bangladesh Bank order removing Yunus from the office of managing director of Grameen Bank.
Within 24 hours of justifying the setting up industries, including special economic zones on agricultural land, Nobel Laureate Muhammad Yunus backtracked on Monday.
Bangladesh's election commission on Wednesday said it has 'locked' deposed prime minister Sheikh Hasina's national identity cards, effectively barring her from voting in the general elections scheduled for February next year.
Bangladesh Chief Adviser Muhammad Yunus has said that his interim government wanted good relations with India, but 'something always went wrong'.
If the Bangladesh Nationalist Party wins, Tarique Rahman will be Bangladesh's first male prime minister in 36 years.
Tarique Rahman is Bangladesh's first male prime minister in more than three decades, ending an era of female leadership that began in 1991.
'If she hadn't left Bangladesh, the militants had planned on killing her'
Nobel Laureate Muhammad Yunus, founder of the micro-credit pioneer Grameen Bank in Bangladesh, hit out at banks on Friday for not providing loans to the poor and disadvantaged.
Lok Sabha Speaker Om Birla and Foreign Secretary Vikram Misri attended the swearing-in ceremony.
Bangladesh's chief advisor Muhammad Yunus introduced to an American audience in New York the "brains" behind the "meticulously designed" protests that led to the ouster of Sheikh Hasina from power.
This is the first conversation between Modi and Yunus after he assumed the responsibility following the fall of the Sheikh Hasina-led government.
'The people of Bangladesh have voted for a party that represents political interest.'
'It is a pro-Liberation party and it believes in the spirit of 1971, as opposed to the Jamaat-e-Islami, which was opposed to the Liberation struggle of Bangladesh in 1971.'
Yunus said his administration took over to carry out three mandates 'justice, reform and elections.'
Bangladesh's interim government has formally requested India to extradite former Prime Minister Sheikh Hasina after she was sentenced to death by the International Crimes Tribunal for crimes against humanity.
The chief adviser alleged elections held under Hasina's regime were "rigged blatantly and generations of young people grew up without exercising their voting rights."
With these four, the strength of the members -- all equivalent to ministers -- in the interim government's advisory council rose to 21.
The Nobel laureate filed an application before the High Court.
Nobel Laureate and chief architect of Grameen Bank Muhammad Yunus of Bangladesh had 45-minute meeting with Congress MP Rahul Gandhi in New Delhi on Wednesday during which the two discussed micro-financing activity in Bangladesh and India.
Yunus, 84, was administered the oath of office by President Mohammed Shahabuddin at a ceremony at the presidential palace 'Bangabhaban'.
Nobel laureate Prof Muhammad Yunus-led interim government in Bangladesh will take oath on Thursday, Army Chief General Waker-Uz-Zaman said.
Nobel peace laureate Muhammad Yunus today filed an appeal against the Bangladesh High Court verdict upholding his dismissal from the Grameen Bank, in a final bid to retain his position as head of the pioneering micro-finance agency he founded nearly three decades ago.
Bangladesh Central Bank in an order on March 2 removed Dr Muhammad Yunus as head of the bank, which he founded, citing that he had violated country's retirement age.
Yunus in his 26-minute speech did not give any deadline for the tenure of his interim government but acknowledged that "everyone is interested to know when our government will leave".
"The MD of the Grameen Bank is an official who cannot hold the office for an unlimited period," said the High Court.
Yunus will teach India Inc why and how social business is not charity but business wherein a surplus is passed on to the target group of beneficiaries in the form of lower prices, better service and greater access
A key aide to Bangladesh's interim government has urged India to unequivocally recognize the July-August uprising that toppled Prime Minister Sheikh Hasina's regime, arguing that this is crucial for rebuilding bilateral ties. Mahfuj Alam, considered a de facto minister in the interim government, criticized India's portrayal of the uprising as militant, anti-Hindu, and an Islamist takeover, and called for a change in approach to understand the "new Bangladesh realities." He stated that bypassing the uprising would be detrimental to relations between the two countries. Alam, whose organization spearheaded the protests against Hasina's government, emphasized the democratic nature of the struggle, which he said was about a "generational and responsible struggle." His statement comes amid strained relations between Dhaka and Delhi, with India expressing concerns over the safety of Bangladesh's Hindu community.
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