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Latest Kabul Bank Items
In a country rife with corruption, Afghanistan's top prosecutors aren't doing enough to combat the top-level officials committing the crimes, said the chief U.S. watchdog in that nation.
Political interference stymied an investigation into the collapse of Afghanistan's largest bank, according to an independent report on how the men at Kabul Bank and their friends and relatives got rich off $861 million in fraudulent loans.
Political interference stymied an investigation into the collapse of Afghanistan's largest bank, according to an independent report of how the men at Kabul Bank and their friends and relatives got rich off $861 million in fraudulent loans.
The death toll from last week's rare sectarian attacks on Shiite Muslims in Afghanistan has risen to at least 80, the country's president said Sunday.
The former head of the Afghan central bank who has fled to the United States will be prosecuted for his role in the failure of the nation's largest private lender, the Afghan attorney general's office said Tuesday.
A suicide car bombing in the southern Taliban stronghold of Kandahar killed three people and wounded 26 others, mostly police, officials said Monday, in an attack spotlighting instability in Afghanistan as the NATO-led fight against insurgents there approaches the start of its 10th year.
At last weekend's grand Lisbon summon- ing of coalition commanders in Afghanistan, "progress" was the magic word. Is there enough progress to keep progressing? You see, sir, if you look at the metrics of progress. ...
If the reports are correct that my client, Mahmood Karzai, is under criminal investigation by the U.S. attorney for the Southern District of New York, it would be further evidence that the United States has misplaced priorities in helping Afghanistan dismantle systemic corruption and build a stable central government that can survive the inevitable day when U.S. and coalition troops are no longer there.
Afghanistan's largest bank remained solvent Sunday after a nearly weeklong run on the troubled institution, according to the governor of the nation's central bank, which is being criticized for looking the other way at the bank's mismanagement problems for too long.