Current:Home > InvestBangladesh appeals court grants bail to Nobel laureate Muhammad Yunus in labor case -MarketLink
Bangladesh appeals court grants bail to Nobel laureate Muhammad Yunus in labor case
View
Date:2025-04-18 09:16:45
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! (24)
Related
- Highlights from Trump’s interview with Time magazine
- Court could clear the way for Americans to legally bet on US elections
- Harvey Weinstein Indicted on New Sexual Assault Charges in New York After Overturned Conviction
- Fantasy football rankings for Week 2: Players to sit, start
- The Grammy nominee you need to hear: Esperanza Spalding
- Polaris Dawn mission update: SpaceX Dragon takes crew to highest orbit in 50 years
- Truth Social parent company shares close at record low after Trump-Harris debate
- Trump wouldn’t say whether he’d veto a national ban even as abortion remains a top election issue
- Have Dry, Sensitive Skin? You Need To Add These Gentle Skincare Products to Your Routine
- Horoscopes Today, September 11, 2024
Ranking
- Have Dry, Sensitive Skin? You Need To Add These Gentle Skincare Products to Your Routine
- UAW’s rift with Stellantis raises fear that some US auto jobs could vanish
- Police failed to see him as a threat. He now may be one of the youngest mass shooters in history.
- 16 Super Cute Finds That Look Like Other Things (But Are Actually Incredibly Practical!)
- Will the 'Yellowstone' finale be the last episode? What we know about Season 6, spinoffs
- Earthquake rattles the Los Angeles area
- 1-Day Deal: Get 50% Off NFL Hoodie & Shirt Set—Chiefs, 49ers, Lions, Ravens & More
- Charges filed months after a pro-Palestinian camp was cleared at University of Michigan
Recommendation
Have Dry, Sensitive Skin? You Need To Add These Gentle Skincare Products to Your Routine
Tyreek Hill police incident: What happened during traffic stop according to body cam
Football season is back and Shack Shack is giving away chicken sandwiches to celebrate
Tyreek Hill says he could have handled his traffic stop better but he still wants the officer fired
Don't let hackers fool you with a 'scam
Boeing factory workers are voting whether to strike and shut down aircraft production
New York City police commissioner to resign after his phone was seized in federal investigation
A man accused of trying to set former co-workers on fire is charged with assault