DHAKA, Bangladesh (AP) — An official says Bangladesh’s High Court has delayed its ruling on the legality of a government order dismissing Nobel laureate Muhammad Yunus as head of the microfinance bank he founded.
Attorney General Mahbub-e-Alam says the court is likely to rule Monday.
He says lawyers for Yunus made more arguments Sunday that his dismissal is illegal. The government is to respond Monday.
Bangladesh’s central bank ordered Yunus out of Grameen Bank last Wednesday, saying he violated the country’s retirement laws.
Yunus’ bank, founded in 1983, pioneered the concept of reducing poverty by making tiny loans to the poor. His work spurred a boom in such lending across the developing world and earned him and the bank the 2006 Nobel Peace Prize.
