Dhaka, Bangladesh (BBN)- Grameen Bank has expressed disappointment at Tuesday’s order of the High Court summarily dismissing the writ petition challenging the removal of Professor Muhammad Yunus as its Managing Director.
“We have received the order and are very disappointed. We are consulting with our lawyers about the next steps,” the Grameen Bank said in a press statement.
“We hope that in the meantime nothing will jeopardize the stability of Grameen Bank. Eight million borrowers and 26 thousand members of Grameen Bank have brought the bank to this level through their hard work and are deeply involved in building the future for their children – we hope nothing will disrupt that,” it added.
On March 2 last, the central bank of Bangladesh removed Muhammad Yunus from the post of Managing Director of Grameen Bank for his alleged violation of regulations relating to age-limit of job and his appointment process.
Barrister Rokanuddin Mahmud, a counsel of Professor Yunus, told reporters that they would move the Supreme Court against the verdict.
BBN/SI/AD-08Mar11-8:28 pm (BST)