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Nobel Peace Prize winner sentenced to 6 months in jail in Bangladesh | World Information

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A Bangladeshi courtroom has sentenced a Nobel Peace Prize winner to 6 months in jail – after greater than 170 world leaders and Nobel laureates referred to as for the authorized proceedings to be suspended.

Muhammad Yunus, who pioneered utilizing microcredit to assist impoverished folks, was accused of violating the nation’s labour legal guidelines and was granted bail on the listening to in Dhaka right now. He has 30 days to enchantment.

Grameen Telecom, which he based as a non-profit organisation, is on the centre of the trial.

The pinnacle of the Third Labour Court docket of Dhaka stated in her verdict that 67 of Grameen Telecom’s workers had been speculated to be made everlasting and that the workers’ participation and welfare funds weren’t shaped.

Sheikh Merina Sultana additionally stated that, following firm coverage, 5% of the corporate’s dividends had been speculated to be distributed to employees.

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She discovered Yunus, as chairman of the corporate, and three different firm administrators responsible, sentencing every to 6 months in jail.

Grameen Telecom owns 34% of the nation’s largest cell phone firm, Grameenphone, a subsidiary of Norway’s telecom big Telenor.

The Nobel laureate can be dealing with a number of different expenses involving alleged corruption and fund embezzlement.

Muhammad Yunus gestures outdoors courtroom in Dhaka after being sentenced to 6 months in jail

Yunus’s supporters imagine the costs had been filed to harass him amid a wider complicated political context and frosty relations with Prime Minister Sheikh Hasina. Bangladesh‘s authorities has denied the allegations.

In August, international leaders together with former US president Barack Obama, former UN secretary common Ban Ki-moon and greater than 100 Nobel laureates urged Ms Hasina to droop all authorized proceedings towards Yunus.

The group stated in a letter that they had been deeply involved by current threats to democracy and human rights in Bangladesh.

Yunus based Grameen Financial institution in 1983 which supplies small loans to entrepreneurs who wouldn’t usually qualify for financial institution loans. The financial institution’s success in lifting folks out of poverty led to related microfinancing efforts in lots of different international locations.

Ms Hasina’s administration started a collection of investigations into Yunus after she got here to energy in 2008.

At the moment, he had criticised politicians within the nation, saying they had been solely serious about cash, whereas Ms Hasina referred to as him a “bloodsucker” and accused him of utilizing drive and different means to recuperate loans from poor rural girls as head of Grameen Financial institution.

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Prime Minister of Bangladesh Sheikh Hasina addresses the EU Global Gateway Forum 2023, in Brussels, Belgium October 25, 2023. REUTERS/Johanna Geron
Bangladeshi Prime Minister Sheikh Hasina in October

In 2011, Ms Hasina’s administration started a evaluation of the financial institution’s actions. Yunus was fired as managing director for allegedly violating authorities retirement rules.

He was additionally placed on trial in 2013 on expenses of receiving cash with out authorities permission, together with his Nobel Prize award and royalties from a e-book.

Bangladesh is holding a common election on 7 January however the nation’s principal opposition the Bangladesh Nationalist Celebration, led by former prime minister Khaleda Zia, is boycotting the vote.

The get together stated it doesn’t have any confidence in Ms Hasina’s administration to carry a free and honest election.

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