Newsdesk:
Bangladesh's Nobel Prize-winning economist Dr. Muhammad Yunus was sentenced to six months in jail by a court on Monday for violating labor laws. His supporters termed Yunus's punishment as 'politically motivated' before the general elections in the country. This 83-year-old economist won the Nobel Peace Prize in 2006 for his anti-poverty campaign.
He founded Grameen Bank in 1983, which gave Bangladesh the reputation of being the 'Home of Micro Credit' (small loans) in the world. Yunus also established a company named Grameen Telecom. Yunus and his three associates were accused of violating labor laws because they failed to create a worker welfare fund in the company.
Labor Court Judge Sheikh Marina Sultana sentenced Muhammad Yunus to six months in prison for violating the law as chairman of Grameen Telecom along with three other executives of his social business company. Judge Yunus and his three associates were also fined 25,000 taka (227.82 US dollars), and said that in case of non-payment of the fine, they would have to spend 10 more days in jail.
- Log in to post comments
- 6 views
