Nobel laureate Muhammad Yunus has been removed from his position as head of microlender Grameen Bank, Bangladesh's central bank said today, following allegations of irregularities in its operations.
Bangladeshi Nobel laureate Muhammad Yunus launched a legal battle today against his removal from the top post of the microlending bank he founded, a dismissal seen as part of a vendetta with the prime minister.
Yesterday a Bangladesh court upheld an order removing Nobel Peace Prize winner Muhammad Yunus as head of the microlending bank he founded, a move his allies say was prompted by a government vendetta over his political ambitions.