Why Nobel Prize winning Banker faces life imprisonment in Bangladesh ?
Millions of people have been pulled out of poverty as a result of the idea's widespread popularity and replication. In 2006, professor Yunus and Grameen bank received a combined Nobel prize for combatting poverty and promoting social development.
Following prime minister Hasina's election in 2008, the Bangladeshi government launched several inquiries on professor Yunus.
The 83-year-old economist, who is also referred to as the "banker to the poor" globally, lost his position as managing director of Grameen bank in 2011, which was perceived as an attempt to lessen his influence. He has been accused by Hasina of "sucking blood" from the impoverished, which has further strained relations between the two.
The court fined each of them Taka 25,000 and threatened to sentence them to an additional 10 days in jail if they didn't pay the fee.
The winner of the Nobel prize has filed an appeal, stating that the decision is "contrary to all legal precedent and logic."
Professor Yunus is also accused of several other offenses, including collecting money without authorization from the government and failing to pay taxes. According to NBC News, he is allegedly facing more than 150 lawsuits, all of which he and his allies see as having political motivations.
Many people think that in 2007, when the country was ruled by a military-backed administration and Hasina was incarcerated, she grew outraged when Yunus said he would launch a political party.
Obama, former US Secretary of State Hillary Clinton, former UN Secretary-General Ban Ki-moon, and more than a hundred Nobel laureates were among the signatories.
It went on, "We are confident that his acquittal will come from any thorough review of the labour law and anti-corruption cases against him."