Microfinance

Dr Muhammad Yunus gets bail in falsely implicated case

Grameen Bank founder Dr Muhammad Yunus has been granted bail in a court case filed by the Dhaka City Corporation (DCC) alleging that an adulterant was found in yogurt produced by Grameen Danone Foods Ltd.

yunus grameen

Nobel laureate Muhammad Yunus, chairman of Grameen Danone Foods Ltd, launches 'Shakti' brand food items for Dhaka market in January 2009. Img-credit:thedailystar.net

Yogurt Adulteration – Grameen Danone

Yunus is the chairman of Grameen Danone Foods, a sister concern of Grameen Bank. The latest development came about nine days after a court in northern Bangladesh granted him bail following his personal appearance on a defamation suit filed in 2007 by a local Bangladeshi politician.

Speaking to the media after receiving the bail Dr Yunus, told reporters “The court summoned me. I appeared before it and appealed for bail. The court granted me bail. I’ve got justice.” His lawyer, Sara Hossain, said: “Dr Yunus is not directly connected with Shakti Doi , although it is a sister organisation of Grameen Bank.”

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Yoghurt adulteration: Yunus lands in court

Abhay N

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Abhay is the founder and managing editor of India Microfinance. He is passionate about microfinance, financial inclusion and social entrepreneurship in India.

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