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Nobel Prize winner Muhammad Yunus

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Source: IE

 Context: Nobel Prize winner Muhammad Yunus was sentenced to six months in jail by a Bangladesh court for violating labour laws.


Why is Yunus facing judicial cases?

Yunus faces charges, including corruption and fund embezzlement. The court found his company, Grameen Telecom, guilty of labour law violations.

However, supporters claim the case is politically motivated due to his strained relationship with Prime Minister Sheikh Hasina, who accused him of exploiting the poor. In August last year, over 160 personalities like Barack Obama and ex-UN Secretary-General Ban Ki-moon, signed a joint letter denouncing the “continuous judicial harassment” of Yunus.


Contributions of Yunus: 

Muhammad Yunus, through his innovative microfinance model, particularly with the establishment of Grameen Bank, has made significant contributions to alleviating poverty. His approach of providing small, collateral-free loans to the poor, especially women, has empowered millions of entrepreneurs who wouldn’t qualify for traditional bank loans. For his work, he was awarded the Nobel Peace Prize in 2006


Other famous personalities facing issues in their own country:

Alexei NavalnyRussian opposition leader and anti-corruption activist; faced imprisonment and legal challenges in Russia.
Aung San Suu KyiFormer Myanmar leader and Nobel laureate; detained and faced charges following a military coup in Myanmar in 2021
Liu XiaoboChinese human rights activist and Nobel Peace Prize laureate; imprisoned for advocating political reform.
Raif BadawiSaudi Arabian blogger and activist; jailed for promoting free speech and political reform in Saudi Arabia.
Mahsa AminiShe was a women’s rights activist. Following her death in the Police Custody, civil unrest and protests began against the government of the Islamic Republic of Iran but were suppressed by September of 2023.