there is lots of politics in this article. Putting that aside, important points are
1. The story of grameen bank
· Started in 1983 by an ordnance of government
· Bangladesh government has 25% stake in it
· Mohd yunus has been bank MD since its inception
· Grameen bank and Yunus won nobel peace prize in 2006
THE PROBLEM NOW
· As per bangladesh alw, retirement age is 65.
· Hence government has dismissed yunus as MD on grounds of his age(hez 70 now)
US STAND
· Many US bussinessmen have invested in grameen
· Recently grameen america has also been launched
· They have invested mainly due to their trust in mohd yunus
· Hence US is hell bent in ensuring that Yunus stays on
· Therefore this has become a US vs Bangladesh tussle
CURRENT SCENARIO
· Yunus went to high court which upheld government decision to dismiss him
Now the case will be heard in supreme court
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