07 May '11, 9am

Yunus issues plea for independence of Grameen Bank #microfinance

Yunus issues plea for independence of Grameen Bank #microfinance

'I am humbly appealing to all for the protection and independence of Grameen Bank and the protection of poor women who are working very hard to stand on their feet,' Mr Yunus, 70, said in his first reaction after the court verdict. -- PHOTO: AFP DHAKA - NOBEL laureate Muhammad Yunus said on Saturday he feared for the survival of his pioneering microlender Grameen Bank, days after his removal as its chief was upheld by the country's highest court. The 2006 Nobel winner said the future of the Grameen Bank - the world's largest microlender which he founded - is at stake as the government meddles in the affairs of the bank, 96.5 per cent owned by poor women. 'I am humbly appealing to all for the protection and independence of Grameen Bank and the protection of poor women who are working very hard to stand on their feet,' Mr Yunus, 70, said in his first reaction after the court...

Full article: http://www.straitstimes.com/BreakingNews/Asia/Story/STISt...

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Bangladesh probe clears Yunus of misusing aid

Bangladesh probe clears Yunus of misusing aid

channelnewsasia.com 25 Apr '11, 8am

DHAKA: A Bangladeshi probe has cleared Nobel laureate Muhammad Yunus of misappropriating Norwegian aid money at the pionee...