Fraud Trial Begins in Multimillion-Dollar Afghan Bank Scandal

The scandal at Kabul Bank, Afghanistan’s largest private financial institution, has laid bare the crony capitalism and corruption that has thrived here in the past decade. The bank was forced into receivership in 2010 under the weight of nearly $900 million in bad loans and missing funds. With this long-stalled trial, the government is trying to demonstrate to Afghans and international donors that it is able to hold powerful people accountable in corruption cases.
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Posted on December 11, 2012, in Politics. Bookmark the permalink. Leave a comment.

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