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08 Aug 2013   03:41:42 PM   Thursday BdST A- A A+ Print this E-mail this

Grameen Bank chairman Mozammel Haq has resigned, amid a managementrow.

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 Grameen Bank chairman Mozammel Haq has resigned, amid a managementrow.

Grameen Bank chairman Khandaker Mozammel Haq has resigned, incidentally in the wake of a long-running row over the government-initiated management change of the Nobel Peace prize-winning micro-credit institution.

He quit showing "health grounds".

Finance minister AMA Muhith has said the chairman`s resignation won`t affect the GB operations. 

The GB crisis began with the removal of Nobel laureate Prof Mohammad Yunus as its managing director. Even US govenment persuasion could`nt change the Bangladesh government`s decision on change of the GB management.

Professor Yunus has lost his legal battle over the micro-credit bank`s ownership but still holds the hope to overturn the government move with the "help of the people".

Opposition political parties, especially BNP, have formally expressed their solidarity with him in the struggle for regaining the `Paradise Lost` in the Grameen that earned him the Nobel for Peace for fight against poverty waged through empowering the poor through lending small moneys to them.        

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