Branson Joins Volcker in Urging Hasina Not to Seize Grameen Bank
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Richard Branson and Paul Volcker are among global leaders urging Bangladeshi Prime Minister Sheikh Hasina Wajed not to seize control of the microfinance lender founded by Nobel peace prize winner Muhammad Yunus.
A panel set up by the nation’s finance ministry is recommending that the government replace officials on Grameen Bank’s board and take control of parts of the business, according to a letter signed by 40 people that was e-mailed to Bloomberg News. Abul Kalam Azad, Hasina’s press secretary, said he wasn’t aware of the letter when reached on his mobile phone.