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Nobel Laureate Muhammad Yunus Gets Jail Sentence

Writer's picture: By The Financial DistrictBy The Financial District

A court in Bangladesh has sentenced the Nobel laureate Muhammad Yunus to six months in jail for violating the country's labor laws.


The 83-year-old Yunus, known internationally as the "banker to the poor," is credited with establishing a pioneering system of micro-finance loans helping to lift millions out of poverty. I Photo: University of Salford Press Office



His supporters say the case is politically motivated, Anbarasan Ethijaran reported for BBC News.


The acclaimed economist and three colleagues from Grameen Telecom - one of the firms he founded - were found guilty of failing to create a welfare fund for their workers. All four deny any wrongdoing and have been granted bail pending appeals.


All the news: Business man in suit and tie smiling and reading a newspaper near the financial district.

"As my lawyers have convincingly argued in court, this verdict against me is contrary to all legal precedent and logic," Prof. Yunus said in a statement released after the verdict.


"I call for the Bangladeshi people to speak in one voice against injustice and in favor of democracy and human rights for each and every one of our citizens."


The 83-year-old Yunus, known internationally as the "banker to the poor," is credited with establishing a pioneering system of micro-finance loans helping to lift millions out of poverty.




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