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Grameentelecom

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world2 years ago

Nobel Laureate Muhammad Yunus Receives 6-Month Jail Sentence in Bangladesh

Nobel Peace Prize laureate Muhammad Yunus was sentenced to six months in jail by a labor court in Dhaka, Bangladesh, for violating labor laws in his company, Grameen Telecom. Yunus, who is known for pioneering microcredit, was found guilty of not making 67 workers permanent and not forming a welfare fund, among other violations. He was granted bail, fined, and plans to appeal the verdict. The case has broader political implications, with Yunus' supporters claiming he is being targeted due to strained relations with Prime Minister Sheikh Hasina. The verdict arrives as Bangladesh approaches its general election, with international concern over the country's democratic and human rights situation.

via CBS News|
##bangladesh#grameentelecom
world-news2 years ago

Nobel Peace Laureate Muhammad Yunus Sentenced to Jail in Bangladesh Labor Case

Nobel laureate Muhammad Yunus, known for pioneering microcredit through Grameen Bank, was sentenced to six months in prison for labour law violations at Grameen Telecom in Bangladesh. Yunus, who denies the charges, and three employees were granted bail pending appeal. Critics suggest the case is politically motivated, as Yunus had previously considered political opposition to Prime Minister Sheikh Hasina, who has accused him of exploiting the poor. Yunus faces additional charges, while human rights groups criticize the government for targeting dissent. Hasina is running for a fifth term in an upcoming election boycotted by the main opposition party.

via Reuters|
##bangladesh#grameentelecom
world-news2 years ago

"Nobel Laureate Muhammad Yunus Receives 6-Month Jail Sentence for Labour Law Violations in Bangladesh"

Nobel Peace Prize laureate Muhammad Yunus, known for pioneering microfinance through Grameen Telecom, has been sentenced to six months in jail by a Bangladeshi court for labor law violations, including failing to confirm employees after probation and withholding dividends. Yunus, who denies wrongdoing, plans to appeal the verdict, which his defense team claims is politically motivated and flawed. The case adds to a history of legal challenges for Yunus, who has previously faced corruption charges and conflicts with Prime Minister Sheikh Hasina.

via DW (English)|
##bangladesh#grameentelecom
world-news2 years ago

"Nobel Laureate Muhammad Yunus Receives 6-Month Jail Sentence in Bangladesh Labor Case"

Nobel Peace Prize laureate Muhammad Yunus was sentenced to six months in jail by a labor court in Dhaka, Bangladesh, for violating labor laws through his company, Grameen Telecom. The court found that the company failed to make 67 employees permanent, did not form employee welfare funds, and did not distribute 5% of dividends to staff as per company policy. Yunus, who is known for pioneering microcredit through Grameen Bank, has faced a series of legal challenges and criticism from Prime Minister Sheikh Hasina's administration. His supporters claim the charges are politically motivated, especially in the context of the upcoming general election. International leaders have expressed concern over the situation, and Yunus has been granted bail with the option to appeal within 30 days.

via The Associated Press|
##bangladesh#grameentelecom