Mr Yunus, 83, and his Grameen Bank won the 2006 peace prize for their efforts to lift millions out of poverty by providing small loans of less than $100 to poor people in rural Bangladesh, pioneering a global movement known as microcredit. But Prime Minister Sheikh Hasina accused him of “sucking the blood of the poor”.
Bangladeshi social entrepreneur, economist , Nobel laureate and civil society leader Muhammad Yunus. Photo: REUTERS
Mr. Yunus and three employees of Grameen Telecom, a company he founded, were convicted on Monday of failing to set up a welfare fund for their employees.
“The court granted them bail and gave them one month to file an appeal against the court’s verdict,” said prosecutor Khurshid Alam Khan.
Mr Yunus is facing more than 100 other charges of labor law violations and corruption.
Mai Van (according to Reuters)
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