Nobel laureate Muhammad Yunus granted bail

PTI

Dhaka, January 28

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 labour 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 economist and three other officials of the telecommunications company were sentenced to six months in prison on January 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.

Defence 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 organisation. 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.

Grameen Telecom owns 34.2 per cent of the country's largest mobile phone company, Grameenphone, a subsidiary of Norway's telecom giant Telenor.

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