Current:Home > StocksBangladesh appeals court grants bail to Nobel laureate Muhammad Yunus in labor case -MoneySpot
Bangladesh appeals court grants bail to Nobel laureate Muhammad Yunus in labor case
EchoSense Quantitative Think Tank Center View
Date:2025-04-08 07:23:38
DHAKA, Bangladesh (AP) — An appeals court in Bangladesh on Sunday granted bail to Nobel laureate Muhammad Yunus, who had been sentenced earlier to six months in prison for violating the country’s labor laws. The court also agreed to hear an appeal against his sentencing.
Yunus who pioneered the use of microcredit to help impoverished people, especially women, filed the appeal seeking bail on Sunday morning before it was granted. He was awarded the Nobel Peace Prize for his work in 2006.
The 83-year-old economist and three other officials of the telecommunications company were sentenced to six months in prison on Jan. 1, but they were immediately granted 30 days of bail to appeal the verdict and sentence.
Sunday’s court decision said the bail would remain effective until a final decision is made on the appeal for the sentencing.
Defense lawyer Abdullah Al Mamun said the first hearing on the appeal would be held on March 3.
The case involves Grameen Telecom, which Yunus founded as a non-profit organization.
Yunus’ supporters said the case is politically motivated, a charge that the government of Prime Minister Sheikh Hasina, who was elected for a fourth consecutive term earlier this month, has denied.
In the original verdict, the judge said Yunus’ company violated Bangladeshi labor laws. At least 67 Grameen Telecom workers were supposed to be made permanent employees but were not, and a “welfare fund” to support the staff in cases of emergency or special needs was never formed.
The judge also said that according to company policy 5% of Grameen’s dividends were supposed to have been distributed to staff but were not.
The judge found Yunus, the chairman of the company, and the three other company directors guilty, and fined each 30,000 takas, or $260, while also sentencing each to prison.
Yunus said after the original verdict that he was innocent.
“We are being punished for a crime we did not commit. It was my fate, the nation’s fate. We have accepted this verdict, but will appeal this verdict and continue fighting against this sentence,” he told reporters after the verdict was announced on Jan. 1.
Grameen Telecom owns 34.2% of the country’s largest mobile phone company, Grameenphone, a subsidiary of Norway’s telecom giant Telenor.
Yunus is known to have close connections with political elites in the West, especially in the United States, Europe and elsewhere.
He faces a number of other charges involving alleged corruption and embezzlement.
Yunus’ supporters say he has been targeted because of his frosty relations with Hasina.
veryGood! (78)
Related
- US appeals court rejects Nasdaq’s diversity rules for company boards
- Olivia Wilde Looks Darling in a Leather Bra at Vanity Fair Oscars 2023 Party
- Angela Bassett, Cara Delevingne and More Best Dressed Stars at the Oscars 2023
- 4 takeaways from the Senate child safety hearing with YouTube, Snapchat and TikTok
- Federal Spending Freeze Could Have Widespread Impact on Environment, Emergency Management
- The Push For Internet Voting Continues, Mostly Thanks To One Guy
- Sister Wives' Christine Brown Says Incredible Boyfriend David Woolley Treats Her Like a Queen
- Every Time Jimmy Kimmel and the 2023 Oscars Addressed Will Smith's Slap
- Dick Vitale announces he is cancer free: 'Santa Claus came early'
- Lady Gaga Just Took Our Breath Away on the Oscars 2023 Red Carpet
Ranking
- Charges tied to China weigh on GM in Q4, but profit and revenue top expectations
- Mindy Kaling and B.J. Novak Are Officially the Sweetest BFFs at Vanity Fair's Oscar Party 2023
- Allison Williams and Fiancé Alexander Dreymon Seal Their Oscars Date Night With a Kiss
- Irish rally driver Craig Breen killed in accident during test event ahead of world championship race in Croatia
- What do we know about the mysterious drones reported flying over New Jersey?
- Russia pulls mothballed Cold War-era tanks out of deep storage as Ukraine war grinds on
- 4 takeaways from the Senate child safety hearing with YouTube, Snapchat and TikTok
- T. rex skeleton dubbed Trinity sold for $5.3M at Zurich auction
Recommendation
In ‘Nickel Boys,’ striving for a new way to see
Family of Paul Whelan says his resilience is shaken as he awaits release in Russia
The U.S. is set to appeal the U.K.'s refusal to extradite WikiLeaks' Assange
See Angela Bassett and More Black Panther Stars Marvelously Take Over the 2023 Oscars
'We're reborn!' Gazans express joy at returning home to north
Ex-Facebook employee says company has known about disinformation problem for years
Why Kelly Ripa Says “Nothing Will Change” After Ryan Seacrest Exits Live
Gunmen kill 7 in Mexico resort, local officials say