Muhammad Yunus, the Nobel laureate and outcast founder of Grameen Bank, said Bangladesh’s move to tighten controls on the microcredit lender is “heart-breaking” and called for an end to state interference.
The U.S. said it’s concerned that the government of Bangladesh may pursue a tax evasion case against Grameen Bank founder Muhammad Yunus, and urged fair and transparent treatment of the Nobel laureate.
Muhammad Yunus remains managing director of Grameen Bank after the microfinance lender’s chairman said Bangladesh’s central bank had removed the Nobel Prize winner from the post, Grameen’s spokeswoman said.
Richard Branson and Paul Volcker are among global leaders urging Bangladeshi Prime Minister Sheikh Hasina Wajed not to seize control of the microfinance lender founded by Nobel peace prize winner Muhammad Yunus.
Tanda Srinivas was lounging in the yard of his two-room house in the southern Indian village of Mondrai shortly after noon on Oct. 28 when his wife, Shobha, burst out of the door covered in flames and screaming for help.