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Bangladesh`s SC adjourns hearing on Yunus appeal until April 4

Last Updated: Tuesday, March 29, 2011 - 20:49

Dhaka: Bangladesh Supreme Court on Tuesday
adjourned until April 4 hearing on an appeal of Nobel Laureate
Muhammad Yunus against his removal from the Grameen Bank,
while `no progress` was reported on "compromise" negotiations
for an amicable settlement of the issue with the government.

Court officials said the Appellate Division of the
Supreme Court headed by Chief Justice ABM Khairul Haque
ordered the adjournment on the hearing until April 4.

The adjournment came immediately after the hearing
began when Yunus`s lawyers said they were yet to get the
certified copy of the previous High Court order upholding the
earlier Bangladesh Bank letter firing him from his position as
the managing director of the pioneering micro lending agency.

The apex court earlier set today for hearing on
Yunus`s appeal as senior government leaders said a negotiation
was underway for an amicable settlement of the issue amid a
growing international criticism against his unceremonious
dismissal from the pioneering microfinance bank that he
founded three decades ago.

Yunus`s lawyer Tamin Husain Shawan told newsmen that
the petitioner`s counsels sought more time to prepare his case
as he lost his initial legal battle in the High Court which
upheld the central bank decision to remove him for not
obtaining its approval during his 2000 appointment as the
executive of the special financial institution.

But the sources familiar with the "compromise" process
were yet to come up with any progress report on talks between
the government and the Grameen Bank.
"I can`t tell you anything until now. No comment," a
highly placed source who was familiar with the process said.

Yunus three days ago told a foreign newspaper he was
"not a political threat to anyone" in Bangladesh and would
like to resolve issues "if any" with Prime Minister Sheikh
Hasina as the negotiation process were launched.

"The real issue at stake is the right of the bank`s
8.3 million borrowers to control their own financial future or
whether they will be forced to cede their control to outside
authorities," Yunus said.

Finance Minister AMA Muhith last week said the
government looked for ways for an amicable settlement of the
Yunus issue as he visibly rallied huge international support
behind him since his removal from Grameen Bank last month.

"A proposal for the compromise was offered at the very
beginning of the issue and we still looks for the
opportunity," Muhith said in a statement.

But an anti-Yunus campaign by a section of ruling
Awami League was underway despite the launch of the process
while the Daily Star newspaper quoting the party "insiders"
said the Awami League "party high command instructed a section
of its leaders, including some top-ranking ones, to conduct
the campaign."


First Published: Tuesday, March 29, 2011 - 20:49

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