Pajhwok Services

SMS News Service

Photo Service

Election Coverage

Special Mining Page

Afghan Peace Process Special Page

Addvertise With Pajhwok

Daily Newsletter

Sending Time (GMT / Kabul time)

Suggest a Story

Pajhwok is interested in your story suggestions. Please tell us your thoughts by clicking here.

Kabul Bank's ex-bosses jailed, fined (Video)

Kabul Bank's ex-bosses jailed, fined (Video)

Mar 05, 2013 - 15:20

KABUL (PAN): A special tribunal on Tuesday handed down prison sentences to Kabul Bank’s former executives and ordered them to return hundreds of millions of dollars they had stolen.

Ex-chairman of Kabul bank Sher Khan Farnoud and former chief executive officer Khalilullah Ferozi were found guilty of stealing $278 million and $530 million respectively.

While announcing the long-awaited verdict on the big-time banking scam, Judge Shams-ul-Rahman Shams sentenced each of the two executives to five years in jail.

Abdul Qadeer Fitrat, the former central bank governor who has fled to the US, was sentenced in absentia. He slapped with a two years imprisonment term. 

The scandal left Afghanistan’s largest private lender teetering on the verge of collapse in 2010, prompting the government to take over part of the troubled bank and inject more than $800 million into it. Pajhwok/ Ataullah Khpulwok and Obaidullah Hussam

Related Article

Download “Pajhwok” mobile App, on your smartphone to read and access latest news, features, interviews, videos and photos about Afghanistan.


Add new comment



Twitter Update