Dr Yunus proposes to stay in GB in alternative position

Ref: Sacked Managing Director of Grameen Bank Nobel laureate Dr Yunus proposed to the government to make an alternative arrangement for his reinstatement in the micro-finance bank.

“Now he is thinking about his stay in the bank in an alternative position,” said a negotiator after a meeting with Prof Yunus and a Grameen Bank representative Wednesday under a new move.

A review committee formed by the government held the meeting. Deputy managing director of the bank Nurjahan Begum also accompanied Dr Yunus during the parley with the committee, headed by Dr Manwar Ahmed Khan.

Dr Manwar said Dr Yunus told the review committee that he had expressed his desire beforehand to relinquish the post.

The committee chairman came up with the disclosure while talking to journalists after the meeting of the review committee with the embattled Prof Yunus, which is seen as a move in the direction of finding an amicable finish of the highly contentious issue.

Dr Manwar told the journalists that Dr Yunus narrated at the meeting how he had involved himself with the bank in 1983 when he was a teacher of Chittagong University.

“Dr Yunus also discussed at the meeting what will be the future of the bank,” said Dr Manwar.

Quoting the micro-credit pioneer, the review committee chief informed that he had expressed his desire to the Finance Minister for leaving the post of managing director of the bank but GB high officials requested him to carry on.

He also informed that the committee would submit report to government on April 10. But he wouldn’t divulge what compromise formula, if any, is prescribed in the report.

The committee was talking to persons who know better about the Nobel-winning micro-credit bank and collecting information over e-mail.

On January 11, the government formed the five-member review committee to probe the alleged irregularities of Grameen Bank (GB) and its founder Nobel Laureate Dr Muhammad Yunus.

The other members are Nazrul Huda, Deputy Governor of Bangladesh Bank, Syeda Rokeya Din, former Deputy Comptroller and Auditor-General, RN Debnath, Director, Janata Bank Ltd, and Advocate Mohsin Rashid.

On March 2, Nobel Laureate Prof Dr Mohammad Yunus was removed as Managing Director of the Grameen Bank he founded for lending to the poor, as a Norwegian media documentary on shady fund transfer rattled his position in his micro-finance institution.

He filed a writ with the High Court the following day challenging the government decision. On March 8, the court rejected Yunus’ writ petition.

On March 9, Prof Yunus went to the Appellate Division to challenge the High Court verdict. The decision of the Appellate Division is now pending.

In the meantime, western powers, especially the United States, insisted that the government find a respectable solution of the Yunus issue.

The matter was discussed at Tuesday’s meeting the presidium of the ruling Awami League. After the meeting, party general secretary and LGRD minister Syed Ashraful Islam told journalists that they also want a “graceful solution” of the matter.

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