Microfinance guru challenges dismissal from bank
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9 سال پیش
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(3 Mar 2011) SHOTLIST 1.
(3 Mar 2011) SHOTLIST
1. Wide of Bangladesh High Court
2. Various of Nobel laureate Muhammad Yunus moving towards the court room for hearing
3. SOUNDBITE (Bengali) Muhammad Yunus, Nobel laureate and head of the Grameen bank:
"The board repeatedly requested me to stay in my post despite the fact that I asked the board to relieve me from the responsibility. That is the reason for which I had stayed in the post. The situation was not that I myself was interested in continuing with the responsibility. I have been trying for long to ensure that the next generation could carry on the work."
4. Mid of Yunus with the women members of the board of directors of Grameen bank
5. SOUNDBITE (Bengali) Muhammad Yunus, Nobel laureate and head of the Grameen bank:
"I request you all as well as the audience to save this institution. It does not matter whether I stay or not. I tried my best to ensure that I may safely pass on the responsibility to others, and that the persons who take on the responsibility of taking care of the institution after me maintain its success. This is an institution of the country, not of an individual. The presence and speech of an individual doesn't count as much in an institution in which one third of the country's population has been involved."
6. SOUNDBITE (Bengali) Kamal Hossain, lawyer for Muhammad Yunus:
"We have filed two petitions today. Both of the petitions are identical, the second petition was filed by nine women directors who are the real owners of Grameen Bank. The other petition was filed by Mr. Yunus himself."
7. Various of Yunus leaving
8. SOUNDBITE (Bengali) Mahbubey Alam, Attorney-General:
"According to the rules of the enrolment and retirement of Bangladesh bank employees, the maximum age for retirement is sixty. He (Yunus) has already reached his seventies. Ignoring that fact, the board of directors allowed him to remain in the post. For this reason, Bangladesh bank has issued a letter to release him from the post and ordered the Grameen bank to take necessary steps."
9. Wide of attorney general and other lawyers walking towards his office
STORYLINE
Nobel laureate Muhammad Yunus on Thursday challenged the legality of a Bangladeshi government order dismissing him as the head of the microfinance bank he founded.
Nine members of Grameen Bank's board of directors backed Yunus,an outspoken government critic, by filing a separate petition to the High Court, his lawyer said.
After three hours of hearing, Judges Moamtazuddin Ahmed and Gobinda Chandra Thakur said they will give their ruling on Sunday, a working day in Muslim-majority Bangladesh.
Bangladesh's central bank ordered Yunus out of the bank on Wednesday, arguing that the 70-year-old had violated a law that makes retirement at age 60 mandatory.
Grameen said it was exempt from the rule and Yunus would remain in his post.
The government owns a 25 percent stake in the bank, which gives small loans to the poor. The remainder of the bank is owned by its borrowers.
The demand for Yunus' removal as Grameen's managing director caps a string of problems, including an apparently politically motivated defamation trial and accusations of an unauthorised bank transfer 15 years ago.
Yunus has long had frosty relations with Prime Minister Sheikh Hasina, who has publicly criticised Grameen Bank, saying its interest rates are too high.
Hasina reportedly was angered by Yunus' 2007 attempt to form his own political party, backed by the country's powerful army.
The move to oust Yunus from Grameen has sparked criticism from foreign donors.
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1. Wide of Bangladesh High Court
2. Various of Nobel laureate Muhammad Yunus moving towards the court room for hearing
3. SOUNDBITE (Bengali) Muhammad Yunus, Nobel laureate and head of the Grameen bank:
"The board repeatedly requested me to stay in my post despite the fact that I asked the board to relieve me from the responsibility. That is the reason for which I had stayed in the post. The situation was not that I myself was interested in continuing with the responsibility. I have been trying for long to ensure that the next generation could carry on the work."
4. Mid of Yunus with the women members of the board of directors of Grameen bank
5. SOUNDBITE (Bengali) Muhammad Yunus, Nobel laureate and head of the Grameen bank:
"I request you all as well as the audience to save this institution. It does not matter whether I stay or not. I tried my best to ensure that I may safely pass on the responsibility to others, and that the persons who take on the responsibility of taking care of the institution after me maintain its success. This is an institution of the country, not of an individual. The presence and speech of an individual doesn't count as much in an institution in which one third of the country's population has been involved."
6. SOUNDBITE (Bengali) Kamal Hossain, lawyer for Muhammad Yunus:
"We have filed two petitions today. Both of the petitions are identical, the second petition was filed by nine women directors who are the real owners of Grameen Bank. The other petition was filed by Mr. Yunus himself."
7. Various of Yunus leaving
8. SOUNDBITE (Bengali) Mahbubey Alam, Attorney-General:
"According to the rules of the enrolment and retirement of Bangladesh bank employees, the maximum age for retirement is sixty. He (Yunus) has already reached his seventies. Ignoring that fact, the board of directors allowed him to remain in the post. For this reason, Bangladesh bank has issued a letter to release him from the post and ordered the Grameen bank to take necessary steps."
9. Wide of attorney general and other lawyers walking towards his office
STORYLINE
Nobel laureate Muhammad Yunus on Thursday challenged the legality of a Bangladeshi government order dismissing him as the head of the microfinance bank he founded.
Nine members of Grameen Bank's board of directors backed Yunus,an outspoken government critic, by filing a separate petition to the High Court, his lawyer said.
After three hours of hearing, Judges Moamtazuddin Ahmed and Gobinda Chandra Thakur said they will give their ruling on Sunday, a working day in Muslim-majority Bangladesh.
Bangladesh's central bank ordered Yunus out of the bank on Wednesday, arguing that the 70-year-old had violated a law that makes retirement at age 60 mandatory.
Grameen said it was exempt from the rule and Yunus would remain in his post.
The government owns a 25 percent stake in the bank, which gives small loans to the poor. The remainder of the bank is owned by its borrowers.
The demand for Yunus' removal as Grameen's managing director caps a string of problems, including an apparently politically motivated defamation trial and accusations of an unauthorised bank transfer 15 years ago.
Yunus has long had frosty relations with Prime Minister Sheikh Hasina, who has publicly criticised Grameen Bank, saying its interest rates are too high.
Hasina reportedly was angered by Yunus' 2007 attempt to form his own political party, backed by the country's powerful army.
The move to oust Yunus from Grameen has sparked criticism from foreign donors.
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