Michael Hughes: The United States handed bags of cash and awarded ministry posts to the most brutal warlords on earth in Afghanistan during the early post-9/11 era. The United States, for years, looked the other away as the Karzai family and tons of other Afghan government officials transferred millions of dollars into bank accounts in places
Tolo News: President Ashraf Ghani has ordered the release of Khalilullah Frozi, the ex-CEO of Kabul Bank, who is accused of having a key role in the collapse of the bank that once Afghanistan’s largest financial institution. In 2015, President Ghani ordered that Mr. Frozi should serve out his full 10 years in prison and
Ariana: It has been eight years since the Afghan government begun collecting the debt of the old Kabul Bank which collapsed in 2010. During former President Hamid Karzai’s tenure, $370 million of the bank’s debt was collected by the government from the overall debt of $987 million. However, since the opening of the Kabul Bank’s case,
Khaama Press: Noor said Mr. Farnood became a victim of conspiracies, was jailed and his properties, assets, and fortune were confiscated. He also expressed hopes that the circumstances surrounding the death of Mr. Farnood would be ascertained. Kabul Bank was one of Afghanistan’s largest private financial institutions founded in 2004 by Sherkhan Farnood, who was an
Press TV June 22, 2017 At least 34 people have been killed and dozens wounded after a powerful blast hit a bank in Lashkar Gah, the capital of the southern Afghan province of Helmand. The Thursday blast targeted the New Kabul Bank branch, where members of Afghan security forces had gathered to collect their pay. Omar Zwak,
Tolo News: Officials at the Ministry of Finance (MoF) said Tuesday that two companies have completed a purchase process and one will soon be granted the go ahead to purchase the New Kabul Bank. According to officials, one company is a local firm and the other is Pakistan’s Muslim Commercial Bank. They said that one of