In Bangladesh, the High Court on Tuesday rejected the writ petition filed by Nobel Laureate Prof Muhammad Yunus’ challenging the legality of the central bank’s order to remove him from the post of Managing Director of Grameen Bank. The two judge bench of the Bangladesh High Court passed the order after a three-day hearing of matters related to the writ petition. The Bangladesh bank had issued a letter to Grameen Bank last week removing seventy year old Dr. Yunus from the post of Managing director on the ground that he has crossed the age limit of sixty years stipulated by law for directors of a bank. The Bangladesh Bank had also stated that Grameen bank had not got the approval of the central Bank for his appointment. Dr. Yunus then filed a writ petition followed by a supplementary petition challenging the validity and legality of the Bangladesh Bank’s order which has now been rejected by the court. It was an ironical coincidence that Professor Yunus who was honoured for empowering millions of women through the Grameen Bank lost the legal battle to save his position in the organization on international women’s day. The Bangladesh High Court not only said that the tenure of Dr.Yunus as MD of the Grameen Bank since 1999 was illegal but also observed that the decision of the Grameen Bank board in that year to appoint him as Managing director for an indefinite period had no legal basis either. Following the court verdict, Grameen Bank has issued a statement that it is disappointed and is consulting its lawyers about its future course of action. The Bank has also expressed the hope that nothing will be done to disrupt the future of the organization which was built through the efforts and contributions of eight million borrowers and twenty six thousand members of Grameen Bank.