Dr Muhammad Yunus, the man who brought a Nobel Prize for Bangladesh, and the most celebrated living Bangladeshi around the globe, was unceremoniously relieved of his duties at Grameen Bank yesterday through a Bangladesh Bank letter.
The central bank said Yunus failed to seek its approval when he was reappointed as the managing director in 2000, violating one of the statutes of the partly state-owned (25 percent) Grameen Bank. Now 11 years later the central bank suddenly woke up to the issue and hurried to "remedy" the situation.
But his removal was disputed by Grameen, which said his position was legal. And the matter now seems set to roll into the courtroom as a statement of the Grameen Bank indicated yesterday.
http://www.thedailystar.net/newDesign/news-details.php?nid=176223
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