Muhammad Yunus, head of the interim government of Bangladesh.
Dhaka: Nobel Prize winning economist Muhammad Yunus was sworn in as the head of Bangladesh’s interim government. Yunus (84) was administered the oath of office by President Mohammad Shahabuddin at a ceremony held at the Presidential House ‘Bangabhaban’. Yunus, who won the Nobel Prize in 2006, was appointed the head of the interim government on Tuesday after President Mohammad Shahabuddin dissolved the Parliament. Earlier, Sheikh Hasina resigned from the post of Prime Minister and left the country on Monday amid massive protests against the reservation system.
The life of Nobel Prize-winning professor Mohammad Yunus, who faced persecution on charges of embezzlement during the reign of Sheikh Hasina, has completely changed. After Hasina resigned from the post of Prime Minister and left the country, Yunus has now become the head of the interim government in Bangladesh. President Mohammad Shahabuddin administered the oath to him at a ceremony held at Rashtrapati Bhavan on Thursday. Yunus is also called the “banker of the poorest people”. He also had to face criticism for this and once Hasina called Yunus a “bloodsucker”. He is considered a bitter critic and opponent of Hasina.
Hasina’s resignation was described as the country’s “second liberation day”
Mohammad Yunus has described Hasina’s resignation as the country’s “second liberation day”. Yunus, an economist and banker by profession, was awarded the Nobel Peace Prize in 2006 for pioneering the use of microcredit to help poor people, especially women. Yunus founded the Grameen Bank in 1983 to provide small loans to entrepreneurs who would not normally be able to obtain them. The bank’s success in lifting people out of poverty inspired similar microfinancing efforts in other countries. Yunus faced a crackdown by the Hasina government in 2008 when her administration launched several investigations against him. Yunus had previously announced that he would form a political party in 2007, although he did not follow through on his plan.
Yunus and 13 others face charges of embezzling US $2 million
During the investigation, Hasina accused Yunus of using force and other means to recover loans from poor rural women as head of the Grameen Bank. Yunus denied the allegations. Hasina’s government launched a review of the bank’s activities in 2011 and Yunus was removed from his post as managing director for allegedly violating government retirement rules. In 2013, he was prosecuted for taking money without government permission, including his Nobel Prize and royalties from a book.
Earlier this year, a special judge’s court in Bangladesh had framed charges against Yunus and 13 others in a case of embezzlement of US $ 2 million. Yunus has pleaded innocent and is currently out on bail. Yunus’s supporters say that he has been targeted due to his bad relations with Hasina. Yunus, the head of Bangladesh’s interim government, was born in 1940 in Chittagong, India, which is now a major port city of Bangladesh. He received a PhD from Vanderbilt University in the US and taught there for some time before returning to Bangladesh. (Language)
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