Current:Home > StocksBangladesh appeals court grants bail to Nobel laureate Muhammad Yunus in labor case -Wealth Evolution Experts
Bangladesh appeals court grants bail to Nobel laureate Muhammad Yunus in labor case
View
Date:2025-04-17 20:27:54
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! (38464)
Related
- 'Malcolm in the Middle’ to return with new episodes featuring Frankie Muniz
- Country music star Chris Young cleared of all charges after arrest in Nashville bar
- A famed NYC museum is closing 2 Native American halls, and others have taken similar steps
- Walmart’s latest perk for U.S. store managers? Stock grants
- Justice Department, Louisville reach deal after probe prompted by Breonna Taylor killing
- Michigan man changes up lotto strategy, wins $500,000 and plans to buy a new car
- Central Park 5 exoneree and council member says police stopped him without giving a reason
- San Francisco 49ers have gold rush in second half of NFC championship
- FACT FOCUS: Inspector general’s Jan. 6 report misrepresented as proof of FBI setup
- Nelly Korda defeats Lydia Ko in sudden-death playoff to capture LPGA Drive On Championship
Ranking
- Megan Fox's ex Brian Austin Green tells Machine Gun Kelly to 'grow up'
- Taylor Swift Kisses Travis Kelce After Chiefs Win AFC Championship to Move on to Super Bowl
- What is ECOWAS and why have 3 coup-hit nations quit the West Africa bloc?
- British Museum reveals biggest treasure finds by public during record-breaking year
- McConnell absent from Senate on Thursday as he recovers from fall in Capitol
- Get $504 Worth of Anti-Aging Skincare for $88 and Ditch Wrinkles— Dr. Dennis Gross, EltaMD, Obaji & More
- 2 teens fatally shot while leaving Chicago school identified: 'Senseless act of violence'
- Last victim of Maui wildfires identified months after disaster
Recommendation
Jorge Ramos reveals his final day with 'Noticiero Univision': 'It's been quite a ride'
More highlights from the 2024 Sundance Film Festival
A Texas 2nd grader saw people experiencing homelessness. She used her allowance to help.
Biden praises Black churches and says the world would be a different place without their example
Federal Spending Freeze Could Have Widespread Impact on Environment, Emergency Management
Pakistan Swiftie sets Guinness World Record for IDing most Taylor Swift songs in a minute
Inflation has slowed. Now the Federal Reserve faces expectations for rate cuts
Stock market today: Chinese stocks lead Asia’s gains, Evergrande faces liquidation