Dhaka - Muhammad Yunus, Nobel Peace Prize and a pioneer of microfinance, has been expelled with immediate effect from the Grameen Bank he founded in 1976. This was announced by the president of the bank Muzammel Huq. "The central bank of Bangladesh has raised Yunus from his position as managing director of Grameen Bank with immediate effect," said Hud.
Yunus, 70, has come under fire the government, which accuses him of tax evasion. But the hostility against the executive believed to date back to 2007, when following a military coup, the banker expressed the idea of creating his own political movement. Political leaders and the majority of Prime Minister Sheikh Hasina Wajed gliel'hanno not forgiven, according to some reconstructions of the press, considering a rival in the contest of power.
More recently they have been able to find inspiration for their campaign against Yunus in a report by a Norwegian television that expressed skeptical opinions on microcredit, even returning to some long-standing disputes - later clarified - that came with the Nobel Prize in Oslo on some loans Europeans of the Grameen Bank.
Last January, the banker was brought before a court for alleged defamation as a matter of going back to 2007. Earlier, the Bangladesh government had launched an investigation into his activities and accused him of "sucking the blood of the poor." But allegations deemed "unfair" by a leading economist in the country, Zillur Rahman, recently quoted by the Financial Times, that in fact the story is hidden behind a policy that wants to take control of the credit to the poor.
The Grameen Bank has microloans to 955 million dollars in total about eight million poor people, in most cases women. 
Yunus, 70, has come under fire the government, which accuses him of tax evasion. But the hostility against the executive believed to date back to 2007, when following a military coup, the banker expressed the idea of creating his own political movement. Political leaders and the majority of Prime Minister Sheikh Hasina Wajed gliel'hanno not forgiven, according to some reconstructions of the press, considering a rival in the contest of power.
More recently they have been able to find inspiration for their campaign against Yunus in a report by a Norwegian television that expressed skeptical opinions on microcredit, even returning to some long-standing disputes - later clarified - that came with the Nobel Prize in Oslo on some loans Europeans of the Grameen Bank.
Last January, the banker was brought before a court for alleged defamation as a matter of going back to 2007. Earlier, the Bangladesh government had launched an investigation into his activities and accused him of "sucking the blood of the poor." But allegations deemed "unfair" by a leading economist in the country, Zillur Rahman, recently quoted by the Financial Times, that in fact the story is hidden behind a policy that wants to take control of the credit to the poor.
The Grameen Bank has microloans to 955 million dollars in total about eight million poor people, in most cases women.
- Nobel laureate and microfinance guru Muhammad Yunus is fired from bank he founded amid feud with government - BBC (02/03/2011)
- Muhammad Yunus Ousted as Head of Grameen Bank (02/03/2011)
- Bangladesh Nobel winner is sacked (02/03/2011)
- Nobel laureate ousted from microfinance bank (02/03/2011)
- Nobel winner forced from own micro-bank (02/03/2011)
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