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Kabul Bank’s fraud; the National Unity Government recovers only $30 million

The Integrity Watch Afghanistan said that the Kabul Bank case was not prosecuted as President Ghani had promised in his first days of the presidency. The government before Ghani had retrieved ten times more than what the Ghani-Abdullah’s government has.
Kabul Bank had around 1,300 million dollar banknotes deposit. Around 9 years back, the bank went bankrupt, after its managers and shareholders withdrew nearly 900 million dollars illegally.
The ex-government, led by Hamed Karzai, could retrieve nearly 300 million dollars in cash.
President Ghani, in his early days of power, promised to end the biggest corruption case and instructed the judiciary to prosecute the case all over.
Five years have passed, and the National Unity Government could only retrieve $30 million from the KB case.
The Integrity Watch Afghanistan said that the Kabul Bank Case had been treated politically.
Mohammad Ikram Fazli, the Integrity Watch Afghanistan head said, “Unfortunately, since the beginning, the KB case has been dealt with, politically, and the main culprits of the case have never been prosecuted.”
However, the attorney general said the Kabul Bank’s case had been taken to the court on time, and that the offenders had been jailed as per the court’s verdict.
Jamshid Rasouli, the attorney general’s spokesperson said in the matter, “The case has been prosecuted once on the National Unity Government’s watch, and the judiciary has finalized the case. Offenders, who were found guilty, were sent to jail.”
The aftershocks of the Kabul Bank crisis shocked investors and economists. That is to say that the court found Khalil Firouzi and Shirkhan Farnoud guilty, but later on, Firouzi received the contract of constructing a town from the Ministry of Urban Development and Land, and on the verge of the election, Firouzi was released from the Jail.
According to critics, Firouzi’s political support helped him bypass the law. While Shirkhan Farnoud ended up dead in jail.
Reporter: Ali Asghari
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Afghan delegation to participate in Iran’s international expo

Iranian officials have announced that a 200-member delegation, comprising Afghan government officials and private sector representatives, will attend the 7th International Exhibition of Iran’s Export Capabilities.
Officials from the Islamic Emirate, meanwhile, consider the presence of Afghan traders at this exhibition to be significant, stating that showcasing domestic products will help promote and market Afghan goods.
Abdul Latif Nazari, Deputy Minister of Economy, said: “Economic cooperation between the private and public sectors of Afghanistan and Iran is in the interest of both countries.”
“The visit of the high-ranking delegation of the Islamic Emirate to Iran can play a vital role in expanding economic and trade exchanges between the two countries,” he added.
In addition, Afghanistan Chamber of Commerce and Investment (ACCI) said that 80 booths have been allocated to Afghan traders at the exhibition, where agricultural products, precious stones, and other Afghan goods will be showcased.
Several experts also stated that Afghanistan’s participation in regional and international exhibitions is important and can lead to stronger economic ties with other countries.
This comes as Iran remains one of Afghanistan’s key economic partners, with annual trade volume between the two nations exceeding $3 billion.
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14 kms of TAPI pipeline laid inside Afghanistan, says project manager

Baganch Abdullayev, the General Director of the TAPI project in Afghanistan, on Thursday met with Noor Ahmad Islamjar, the governor of Herat, for a report back on progress made in accelerating the pipeline-laying process of the Turkmenistan-Afghanistan-Pakistan-India project in the province.
The Herat governor’s press office said in a statement that Abdullayev shared a brief report on the progress of the TAPI project with Islamjar.
According to the statement, Abdullayev said so far 14 kms of pipeline has been laid while an additional 24 kms of ground has been levelled for the pipeline.
During the meeting, the governor of Herat also welcomed the efforts of TAPI project officials in advancing the work and assured the project head of the local administration’s full support in facilitating the swift progress of the project.
Once completed, TAPI pipeline will transport natural gas from the Galkynysh Gas Field in Turkmenistan through Afghanistan into Pakistan and then to India.
The pipeline was completed on the Turkmenistan side in 2024, and the project is currently expanding southbound in Herat Province of Afghanistan.
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WFP appeals for $25 million to help support Afghan returnees amid humanitarian crisis

The World Food Programme (WFP) this week issued an urgent appeal for $25 million to address the escalating needs of Afghan refugees being expelled from Pakistan.
According to the WFP, thousands of Afghan families are crossing into Afghanistan from Pakistan every day and face serious food insecurity.
The organization also stated that millions in Afghanistan are grappling with severe hunger, and immediate aid of $25 million is needed to assist returnees.
On Wednesday, April 23, in a video shared on X, WFP’s head in Afghanistan, Mutinta Chimuka, visited the Torkham border crossing with Pakistan. During her visit, she highlighted the challenges faced by returnees, many of whom have spent their entire lives in Pakistan and are unfamiliar with Afghanistan.
Chimuka pointed out that many returnees have no income, employment, food, or shelter.
The WFP stressed that thousands of families are being forced to leave Pakistan, while 15 million people in Afghanistan are uncertain where their next meal will come from. The situation has become dire, with basic needs going unmet for a large portion of the population, the WFP said.
Chimuka warned that current aid efforts are insufficient to support the returnees, and new financial resources are urgently needed to address their needs by the end of the year.
Meanwhile, the pace of deportations and expulsions of Afghan migrants from neighboring countries, particularly Pakistan, continues to increase. The Pakistani Ministry of Interior reported that over 100,000 Afghan migrants have been returned since April 1.
The International Committee of the Red Cross (ICRC) has also raised alarm, noting that while thousands of refugees return every week, there are millions of Afghans who are currently facing poverty, homelessness, and difficult living conditions.
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