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Verdict in bank embezzlement case postponed (Video)

Verdict in bank embezzlement case postponed (Video)

Nov 20, 2012 - 10:37

KABUL (PAN): Preliminary hearings into the Kabul Bank embezzlement case ended on Monday with testimony by four former officials, with the court postponing a final verdict. 

Kabul Bank, once the country’s largest private-sector lender, plunged into a deep financial crisis due to unauthorised loans and other anomalies. Reports put at 937.7 million the loans issued to a number of people, including stakeholders.

About 22 people were accused of embezzlement in the case, and their trial started on Wednesday. At three hearings, 18 people, including Sher Khan Farnood and Khalil Ferozi, appeared before the court to defend themselves.

On Monday, four ex-officials of Kabul Bank, including Mohammad Tariq Miran, Kamal Nassir Kror, Mahbob Shah Frotan and Wahidullah Ferozi attended the final hearing.

Prosecutor Nasrullah said the four men had confessed to signing several loan documents, without having the required information, in line with a request from the bank's board. They were not authorised to approve loans, he claimed.

But the accused dismissed the allegation as baseless, saying they were common employees of the bank and did their job in line with rules.


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