Bangladesh court sentences Nobel laureate Muhammad Yunus to 6 months in jail for violating labor laws

A labor court in Bangladesh's capital Monday sentenced Nobel Peace Prize winner Muhammad Yunus to six months in jail for violating the country's labor laws.

Yunus, who pioneered the use of microcredit to help impoverished people, was present in court and was granted bail. The court gave Yunus 30 days to appeal the verdict and sentence.

Grameen Telecom, which Yunus founded as a non-profit organization, is at the center of the case.