Why This Nobel Prize Winner Faces Life Imprisonment in Bangladesh
Description
Nobel Peace Prize-winning economist Muhammad Yunus pioneered micro loans as a tool to fight poverty. Now prosecutors in Bangladesh have linked him and his colleagues to a dizzying number of crimes, including embezzlement and laundering millions of dollars.
Today on The Big Take Asia, host K. Oanh Ha speaks to Bloomberg’s Kai Schultz about the complicated saga and what implications Yunus’s case has for Bangladesh, one of the fastest growing economies. We also hear from Yunus himself, who talks about the rift between him and Prime Minister Sheikh Hasina, and the personal impact of the legal drama.
Read more: Why the Nobel-Laureate Pioneer of Microfinance Risks Life in Jail
Big Money Backs Tiny Loans That Lead to Debt, Despair and Even Suicide
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This is a little too one-sided. The claims of the Bangladesh government are almost certainly politically motivated and without merit. However, there is more to Muhammed Yunus than this report covers.Yunus is not a politician now, but he did flirt with politics in the past (as him about "Nagorik Shakti") and was initially asked to head up a caretaker administration, which some viewed as unconstitutional. I'm a Yunus supporter, but that doesn't mean we shouldn't give a balanced account of things.