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Thursday, May 7, 2026

Bangladesh court overturns Yunus' conviction in labour law case, lawyer says - Marketscreener.com

Mohammad Yunus is a Bangladeshi economist and entrepreneur. Nicknamed the “banker of poor”, he founded the first microcredit institution, the Grameen Bank. Thanks to this concept he won the Nobel Prize for peace in 2006.

He is the third of fourteen children; he spent the early years in his native village and then his family move to Chittagong, the second city of Bangladesh, where his father opened a jewellery store.

Attended a primary school Lamabazar and Chittagong collegiate school, Yunus was also a boy scout. Thanks to an international boy scouts exchange, he travelled in Europe, Japan, Philippines, Middle East and North America.

In 1957, he obtained a bachelor in economics at Dhaka University, and one year later he got a master in arts. Then he became teacher in economics at Chittagong College.
At 21 years old, he became entrepreneur, establishing the first high-tech factory for packaging and printing of all East Pakistan. The concept was an amazing success but he decided to give the management part to his two brothers in order to move to United States to get a PhD.

After a master at university of Colorado, Yunus started a PhD at Vanderbilt private University in Tennessee. He met his first wife, a young American with Russian origin, Vera Forestenko. They married in 1970, and seven years later they had a daughter called Monica.

In 1980, Yunus divorce and remarried Afrozi Yunus, a professor of physics at Jahangirnagar University, with whom he had a second daughter,...



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