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| Bangladesh set to resume Grameen's Yunus court hearing | Bangladesh set to resume Grameen's Yunus court hearing |
| (40 minutes later) | |
| Bangladesh's High Court is set to resume its hearing into whether Nobel Laureate Muhammed Yunus was illegally fired from the microfinance lender he founded. | Bangladesh's High Court is set to resume its hearing into whether Nobel Laureate Muhammed Yunus was illegally fired from the microfinance lender he founded. |
| Mr Yunus's lawyers laid out their case on Sunday before the court was adjourned. | Mr Yunus's lawyers laid out their case on Sunday before the court was adjourned. |
| Last week, the central bank fired Mr Yunus from Grameen Bank saying he violated the country's retirement laws. | Last week, the central bank fired Mr Yunus from Grameen Bank saying he violated the country's retirement laws. |
| The bank provides small loans to millions of borrowers. | The bank provides small loans to millions of borrowers. |
| Attorney General Mahbubi Alam said the court was likely to give its ruling on Monday, the Associated Press news agency reported. | |
| Politically motivated? | |
| During Sunday's hearing, lawyers for Mr Yunus argued that the central bank did not have the power to remove Grameen Bank employees. | |
| The central bank, also known as Bangladesh Bank, has claimed that Mr Yunus did not get its approval when he was re-appointed director in 2000. | |
| As a result, he is holding the position illegally. | |
| However, some of Mr Yunus supporters say that his dismissal was politically motivated. | |
| Mr Yunus has spoken out against the current government, lead by Prime Minister Sheik Hasina. | |
| In 2007 he attempted to form his own political party. | |
| The Prime Minister has accused Grameen Bank and other microfinance institutions of charging high interest rates and taking advantage of the poor. |