Bangladesh Court Overturns Nobel Laureate Muhammad Yunus' Conviction

A Bangladeshi court overturned the conviction of Nobel laureate Muhammad Yunus on Wednesday. Yunus, who founded Grameen Telecom, had been sentenced to six months in jail for not creating a welfare fund for employees. The decision nullifies the prior ruling from January.

A court in Bangladesh overturned on Wednesday the conviction of Muhammad Yunus, the head of the country's interim government, in a case relating to labour law violations, the lawyer of the Nobel laureate said.

Yunus was out on bail after being handed a 6-month jail sentence in January for failing to create a welfare fund for employees of Grameen Telecom, a company he founded.

(With inputs from agencies.)