Afghan minister calls for Kabul Bank graft probe

Afghanistan`s finance minister is calling for an investigation into allegations he personally benefitted from corruption at the country`s largest bank.

Updated: Feb 03, 2011, 00:26 AM IST

Kabul: Afghanistan`s finance minister is
calling for an investigation into allegations he personally
benefited from corruption at the country`s largest bank.

The call today by Finance Minister Omar Zakhilwal is the
latest twist in a months-long saga involving Kabul Bank, which
has ties to Afghanistan`s political elite and faces
accusations of cronyism and financial mismanagement.

Zakhilwal says he wants Afghanistan`s attorney general to
launch a probe in conjunction with the High Office of
Oversight and Anti-Corruption into allegations he and the
bank`s chief executive split improper interest payments made
by the bank. Details of the alleged transfers were made public by The Wall Street Journal yesterday.

PTI