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Full Article Follow Reuters Facebook Twitter RSS YouTube Read Photos show three dead men at bin Laden raid house 04 May 2011 Photos show three dead men at bin Laden raid house 04 May 2011 Obama decides against bin Laden photo release | 2:18am EDT Special report: Why the U.S. mistrusts Pakistan's spy agency 04 May 2011 Bin Laden death "video" used as computer scam hook 04 May 2011 Discussed 168 Obama to make statement late Sunday, White House says 129 Concerns raised over shooting of unarmed bin Laden, burial 112 Donald Trump calls U.S. leaders ”stupid” Watched Video of bin Laden compound fire Mon, May 2 2011 Bin Laden unarmed when killed - White House Tue, May 3 2011 Fire ants form rafts to defy floods Tue, Apr 26 2011 "Banker to the poor" loses final appeal against dismissal Tweet Share this DHAKA (Reuters) - Bangladesh's Supreme Court on Thursday rejected a final appeal by "banker to the poor" Nobel laureate Muhammad Yunus against his dismissal as managing director of Grameen Bank, the micro-lender he founded. A government probe last... Email Print Related News U.S. sues Deutsche Bank in mortgage fraud case Tue, May 3 2011 AIG seeks to recoup billions it says lost to fraud Thu, Apr 28 2011 Supreme Court rules for AT&T in arbitration case Wed, Apr 27 2011 Supreme Court won't speed up Obama healthcare law ruling Mon, Apr 25 2011 Special Report: In the wild west Balkans, a banker's tale Tue, Apr 19 2011 Analysis & Opinion Fighting the depression, losing the war China’s strong banks choke the weak Related Topics World » Bangladeshi Nobel laureate Muhammad Yunus appears in front of the media with his lawyers after a hearing in the High Court in Dhaka March 3, 2011. Yunus launched a legal battle on Thursday against his removal from the top post of the microlending bank he founded, a dismissal seen as part of a vendetta with the prime minister. Credit: Reuters/Andrew Biraj DHAKA | Thu May 5, 2011 3:11am EDT DHAKA (Reuters) - Bangladesh's Supreme Court on Thursday rejected a final appeal by "banker to the poor" Nobel laureate Muhammad Yunus against his dismissal as managing director of Grameen Bank, the micro-lender he founded. A government probe last month cleared Grameen of financial irregularities, but the finding did not change the decision to fire him. Yunus, 70, was dismissed on the grounds that he had overstayed his position and refused requests to quit. The official retirement age for managing directors of commercial banks is 60. Yunus, winner of the 2006 Nobel Peace Prize, set up Grameen, which means village in Bengali, and had been the bank's managing director since 2000. Praised at home and abroad by politicians and financiers as the "banker to the poor", he had been under attack by the government since late last year after a Norwegian documentary alleged the bank was dodging taxes. Yunus denied any wrongdoing and a Norwegian government investigation later also cleared him of malpractice. Associates say his removal from his post was government retaliation after he briefly considered a political career to challenge Prime Minister Sheikh Hasina. After a short hearing, which Yunus did not attend, Attorney General Mahbubey Alam told reporters the Supreme Court had dismissed Yunus's final petition. The Supreme Court also dismissed a similar appeal lodged by members of the bank's board. The action against Yunus coincides with growing criticism of microlending in developing countries, including neighboring India, with officials accusing bankers of exploiting the poor. (Reporting by Ruma Paul; Editing by Nick Macfie) World Tweet this Share this Link this Digg this Email Reprints We welcome comments that advance the story directly or with relevant tangential information. We try to block comments that use offensive language, all capital letters or appear to be spam, and we review comments frequently to ensure they meet our standards. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. Comments (0) Be the first to comment on reuters.com. Add yours using the box above. 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