Wednesday, March 2, 2011

When Do I Know If My Period Is Over

Greemin Bank, Muhammed Yunus fired but he resists

E 'now clash between the Government of Bangladesh, Muhammad Yunus, "Banker to the Poor" and inventor of microcredit. The Central Bank of Dhaka has now ousted from the direction of the Grameen Bank he founded, but a few hours after a statement of the financial institution has questioned the legality of the decision and stated that "the professor and Nobel Prize winner Muhammad Yunus can keep his office. " According to the Bangladeshi authorities, the economist, who is 70 years, reached retirement age laid down by banking regulations.
The standoff is the culmination of a series of legal problems in which Yunus has stumbled because of alleged irregularities committed by the bank. In reality - according to his supporters, including former there is the Irish President Mary Robinson - is the victim of a deliberate campaign to discredit the Prime Minister of Bangladesh, Ms. Sheikh Hasina, for a political rivalry in 2007 at the time of the system Yunus military when he tried to found a party against corruption. Recently it has also been called into question the effectiveness of the revolutionary model of micro financing practiced by Grameen and then spread around the world, so they win the Nobel Prize for peace in 2006.
In what has been learned from the local media, the decision to "torpedo" Yunus was taken today in Dhaka by the President of the Central Bank, Khondaker Muwammel Huq, who has asked the government (which owns 25% of the Bank) will be exempt from 'post of executive director "because it has far exceeded the limits of age, who is 60 years for positions in financial institutions. Last January, the Finance Minister AMA Muhit had already asked to retire in getting a response rebuffed.
removal, however, was disputed by the Grameen itself today in a statement, assured of "always having successfully fulfilled all laws that govern "the functioning of the banking system and also respect the laws regarding the appointment of the Executive Director." According to the counsel of the institute, the Nobel prize may therefore be in place. Yunus himself had stated that he was elected in 2000 by the Board of Directors composed of the same beneficiaries of the bank. Promises a legal battle in addition to those taking place between which there are a trial for defamation for an interview in 2007, to produce a complaint with the Danone yoghurt "injurious to health" and another for non-prosecution have repaid a loan. To which is added at the beginning of December, a documentary made by Danish journalist Tom Heinemann insinuated that suspicions of irregularities in the management of the bank, regarding financial donations from Norway and other countries, causing mixed reactions from governments and investigations of Oslo and Dhaka.

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