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AGO Strictly Warns Defendants of Kabul Bank Scandal

(Last Updated On: October 25, 2014)

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The Attorney General’s Office (AGO) has strictly warned the perpetrators of Kabul Bank crises to attend the court hearing session or the verdict would be announce in their absence.

Kabul Bank, Afghanistan’s first private financial institution, collapsed in 2010 after its shareholders took more than $900 million dollars out from the country.

Despite many efforts during the last three years, only 200 million have been recovered while the rest of money is still missing.

President Ashraf Ghani Ahmadzai, however, in the first week of his government decided to reopen the Kabul Bank scandal case and asked the Attorney General to finalize the case within 45 days. Three weeks have been passed since the Presidential decree but only 7 out of 21 perpetrators have been arrested so far.

However, the Attorney General Muhammad Ishaq Aloko called on the defendants Saturday to attend the hearing in order to avoid harsher punishment to them.

He accused the former head of Kabul Bank, Qadeer Fitrat, as the main perpetrator of bank’s historical crises.

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