Yunus' Removal

Facebook group forms human chain

A Facebook group yesterday formed a human chain in Dhaka with a call to return the honour to Prof Muhammad Yunus, founder of Grameen Bank.
It was the first street demonstration by the social media users, who have launched a broad campaign called "Unite for Yunus".
Other supporters of the Nobel laureate joined hands with the Facebook group during the hour-long demonstration that started at 4:30pm at Shahbagh.
"We stand united in solidarity with the Grameen family and Dr Yunus to show respect in this period of crisis," the group said in a written statement.
The Facebookers denounced the central bank's decision to remove Yunus from Grameen as managing director "in the name of keeping formalities, forgetting the spirit behind the creation of the bank".
The demonstration came at a time when Yunus is fighting a legal battle at the Appellate Division to overturn a High Court order that upheld his removal from the microfinance institution by Bangladesh Bank.
The Facebook group, a non-political platform, says: “While we respect the appropriate rule of the law, we hope that the government and the Supreme Court will bestow the rightful honour back on Dr Yunus and Grameen Bank.
“We have seen with pride how Grameen Bank became the flagship carrier of microcredit movement worldwide, and has successfully changed the livelihood of many families for the better over the last three decades.”
More than 5,000 users have signed up for the group created on March 3 in the wake of an unfolding trouble that caught up with Grameen and its founder.

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