Bangladesh High Court Postpones Hearing Yunus' Appeal

    Bangladesh’s Supreme Court has postponed the hearing of Muhammad Yunus’ appeal against a lower court’s decision to uphold his removal from Grameen Bank, the microfinance lending institution he founded.

    The Supreme Court put on hold the hearing of Yunus’ appeal, separate from the one filed by Grameen Bank’s board of directors, until March 22, Reuters reports, citing a statement from Yunus’ lawyer.

    Bangladesh’s high court has upheld an order from the country’s central bank removing the 70-year-old Yunus as managing director of Grameen Bank on grounds that he is past the mandated retirement age of 60.

    >> Muhammad Yunus Files New Appeal Over Dismissal From Grameen Bank

    >> Bangladesh Court Upholds Muhammad Yunus’ Dismissal

    Read more development aid news.

    About the author

    • Ivy Mungcal

      As former senior staff writer, Ivy Mungcal contributed to several Devex publications. Her focus is on breaking news, and in particular on global aid reform and trends in the United States, Europe, the Caribbean, and the Americas. Before joining Devex in 2009, Ivy produced specialized content for U.S. and U.K.-based business websites.