Monday April 21, 2014

Tag Archives: Kabul Bank

delawari

Afghanistan central bank dismisses SIGAR’s report regarding possible banking crisis

Da Afghanistan Bank (DAB), Afghanistan’ central bank, rejects reports by the Special Inspector General for Afghanistan Reconstruction (SIGAR) that has warned of a possible banking crisis to loom. According to the report, DAB lacks the...
Kabul Bank

Kabul bank loans yet to be recovered from Mahmud Karzai and Haseen Fahim

After passing four long years, as many as $11 million loan paid to Afghan Investment Company (AIC) by four banks— with guarantors Mahmud Karzai, Haseen Fahim and Mirwais Azizi— to the Ghori Cement Factory, however, the due loan with...
New Kabul Bank

USD 250,000 stolen from New Kabul Bank

According to reports, 14 million AFN (about USD 250,000) was stolen from a branch of New Kabul Bank in the Baraki area of Kabul city. The staff members behind the robbery have been identified. Two of the three accused staff of the bank have...
drago kos

“Individuals behind Kabul Bank’s collapse must be investigated”

The Independent Joint Anti-Corruption Monitoring and Evaluation Committee criticized the special tribunal’s verdict handed down to the defendants of the Kabul Bank crisis. The special tribunal sentenced the two former executives of Kabul Bank...
Kabul Bank

Attorney General does not accept Kabul Bank’s special court verdict

The Attorney General’s Office does not agree with the verdict of the special tribunal on the Kabul Bank crisis, saying that the punishment was too soft. “We will ask for an appeal, as we concluded that the verdict issued by the special tribunal...
Kabul-Bank1

Ministry of Finance rejects Kabul Bank’s only bid

Kabul Bank’s only bid offered by a local consortium known as MTZ was rejected by the Ministry of Finance, as the firm’s plans were not consistent with the current banking system.  The officials said new recommendations would be submitted...
Kabul Bank

Two defendants of Kabul Bank scandal receive prison sentence

Kabul Bank’s former chairman Sherkhan Farnood and former Chief executive Khalil Ferozi receive a 5 year prison sentence in today’s hearing of the case. Twenty other former employees of the bank have also been involved in the scandal. Kabul...
Kabul-Bank1

Kabul Bank’s special tribunal urges the government to take the verdict seriously

Kabul Bank’s special tribunal head Shams-ul-Rahman Shams said Monday that the government must heed the verdict of the court on the 22 defendants, which will be handed down tomorrow. “We demand the executive power to take the court’s decision...
Kabul-Bank1

USD 50mn of Kabul Bank loans to be recovered in a fortnight

Da Afghanistan Bank (DAB), central bank of Afghanistan, announced Wednesday that Kabul Bank loans worth USD 50mn would be recovered in the next two weeks through the auction of defaulters’ property. Kabul Bank, Afghanistan’s first private...
Kabul Bank

Only one bidder of the scandal-hit Kabul Bank steps forward

Three domestic and two international groups were approved through the Expression of Interest stage for the purchase of New Kabul Bank shares, but only one stepped forward to bid. The bidders approved included, Ali akbar Zhawandai Consortium,...