Khondaker Muzammel Huq, government-appointed chairman of the micro-lending Grameen Bank, has resigned, a Bangladeshi Minister told local media on Thursday.
Finance Minister Abul Maal Abdul Muhith said the chairman of the bank, which won the Nobel Peace Prize along with its founder Muhammad Yunus in 2006, submitted his resignation earlier this week on health grounds.
“As he is ill and unable to perform his duties, we have to take it,” the Minister was quoted as saying by the private bdnews24.com.
No successor has been chosen, he said.
Mr. Huq, who previously worked for the bank as general manager and research director, had been in the spotlight since the Government appointed him Chairman after removing Mr. Yunus, 73, in early 2011.
The Government also launched a commission to reorganide the bank after Mr. Yunus lost a legal battle to head the organisation beyond the mandatory retirement age of 60.
Mr. Yunus had alleged that the Government was trying to destroy the bank, while the Government claimed that it was taking steps to improve the way it worked.
