Muhammad Yunus, who won the Nobel Peace Prize in 2006 for his work to alleviate poverty in Bangladesh, was sentenced to six months in jail for labor crimes, the Associated Press reported on Monday. What were the crimes? Failure to make 67 employees permanent and not forming staff welfare funds.
“Grameen Bank, which was established in 1983 by Yunus, gave microloans to low-income people so they could start businesses. Yunus had also given microloans to people in Bangladesh before the bank was established.
“Such practices help people rise above disadvantaged circumstances and make a living for themselves.”