Muhammad Yunus: The Banker to the Poor and Bangladesh's Controversial Leader

Nobel laureate Muhammad Yunus, known for founding Grameen Bank and pioneering the global microcredit movement, is facing legal and political challenges in Bangladesh. Despite his economic contributions, Yunus has been accused of various charges, including embezzlement. Following Prime Minister Sheikh Hasina's resignation, Yunus may play a pivotal role in the interim government.

Nobel laureate Muhammad Yunus, the pioneer of the global microcredit movement, could potentially lead Bangladesh's new interim government. Yunus, an arch foe of Prime Minister Sheikh Hasina who has resigned, is widely recognized for his efforts to alleviate poverty through microloans.

Dubbed the 'banker to the poor,' Yunus and the Grameen Bank he founded won the 2006 Nobel Peace Prize for helping lift millions from poverty by providing tiny loans to impoverished rural populations. His model has influenced projects worldwide, including Grameen America in the United States.

Yunus, now 84, briefly explored a political career in 2007, sparking tension with Hasina. Despite his contributions, critics accuse microlenders of charging excessive rates. Yunus was removed from Grameen Bank in 2011 and faces numerous legal challenges, which he claims are politically motivated. He is currently in Paris and may serve as the chief adviser of the interim government.

(With inputs from agencies.)