Professor Muhammad Yunus, a Bangladeshi economist and Nobel laureate, received a six-month prison sentence.
Muhammad Younis, an 83-year-old well-known banker, was found guilty of breaking labor laws and was also fined 25,000 taka. He was accused of neglecting to establish a workers' welfare fund within his company. has been completed
Following the approval of Muhammad Yunus and his associates' bail application, the criminals were given 5,000 Taka bail for a month.
The sentence has been characterized by Muhammad Yunus's supporters as being motivated by politics, and he has announced that he will be appealing it in court.
According to Professor Younis's attorneys, he is accused of over a hundred additional labor law offenses as well as corruption.
Muhammad Yunus: who is he?
Muhammad Yunus, the founder of Bangladesh's Grameen Bank, and the microlender were recognized with the Nobel Peace Prize in 2006.
The Nobel Committee of Sweden, which determines the prizes, announced that Mohammad Yunus and his bank received the honor for their efforts to end poverty.
In 1976, Muhammad Yunus established the Grameen Bank with the goal of offering "micro-credit," or small loans, to the underprivileged.
The sentence has been characterized by Muhammad Yunus's supporters as being motivated by politics, and he has announced that he will be appealing it in court.
According to Professor Younis's attorneys, he is accused of over a hundred additional labor law offenses as well as corruption.
Muhammad Yunus: who is he?
Muhammad Yunus, the founder of Bangladesh's Grameen Bank, and the microlender were recognized with the Nobel Peace Prize in 2006.
The Nobel Committee of Sweden, which determines the prizes, announced that Mohammad Yunus and his bank received the honor for their efforts to end poverty.
In 1976, Muhammad Yunus established the Grameen Bank with the goal of offering "micro-credit," or small loans, to the underprivileged.
Following the election of Hasina Wajid as prime minister of Bangladesh in 2008, a number of investigations against Professor Younis were launched.
In the summer of 2011, the Hasina Wajid government began an examination of Grameen Bank. As a result, Professor Younis, the managing director at the time, was fired on the grounds that he had disregarded official retirement regulations.
Muhammad Yunus was prosecuted once more in 2013, this time on allegations that he had accepted funds—including royalties from a book and the money from the Nobel Prize—without the government's consent.
In addition, Muhammad Yunus was charged with and found guilty in a trial pertaining to Grameen Telecom, another business of his.
In an open letter published last year, more than a hundred Nobel laureate leaders expressed their extreme concern over the current dangers to democracy and human rights in the Bangladesh. Worried that Prof. Yunus has been subjected to "ongoing judicial harassment"
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