Dhaka, Mar.15 (ANI): The Bangladesh Supreme Court is likely to hear an appeal of Nobel Laureate Muhammad Yunus against a High Court decision to uphold his removal as the chairperson of microlender Grameen Bank.
Yunus, 70, was removed as the head of Grameen Bank on grounds that he had past the legal retirement age of 60.
However, accoding to his supporters, government's effort to remove him has very little to do with his age, but more to do with polictics.
Yunus recently said in an interview that his main priority was to maintain the stability of the Bank that has over eight million borrowers, most of them rural women.
"The important thing for Grameen Bank right now is transition so that the bank continues to function smoothly without any kind of shock or uncomfortable feeling about it. That's what we should be concentrating on," The BBC quoted him, as saying.
Yunus found the Grameen Bank three decades ago, with the idea of provising loans to poor people who do not qualify for standard bank loans. He received the Nobel Peace Prize in 2006, for his efforts. (ANI)
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