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‘Two Indians involved in $935-mn Kabul Bank fraud case’

Last Updated: Wednesday, November 28, 2012, 22:18

Fraudulent lending and embezzlement by officials, including at least two Indian citizens, led to failure of Afghanistan's Kabul Bank resulting in misuse of about USD 935 million Afghan public money, according to an independent report released on Wednesday.

IMF sets new $133.6 mn loan for Afghanistan

Last Updated: Wednesday, November 16, 2011, 00:31

The International Monetary Fund approved a new USD 133.6 million loan for Afghanistan Tuesday after a year of talks stalled by the massive Kabul Bank scandal.

Afghan lawmakers OK funds for Kabul Bank bailout

Last Updated: Sunday, October 16, 2011, 09:46

Kabul Bank nearly collapsed in 2010 because of mismanagement and hundreds of millions of dollars in questionable loans.

“Kabul Bank scam involved up to 40”

Last Updated: Monday, August 01, 2011, 00:34

40 people were involved in scams to bilk hundreds of millions of dollars from the Kabul Bank.

Afghanistan arrests two bosses of scandal-hit bank

Last Updated: Friday, July 01, 2011, 23:11

Afghan authorities arrested two former executives of Kabul Bank in connection with a scandal.

Kabul Bank fraud scandal: Ex-officials arrested

Last Updated: Friday, July 01, 2011, 00:28

Authorities have arrested two former executives of Kabul Bank for bilking scandal-ridden bank.

Karzai unveils action on troubled Kabul Bank

Last Updated: Monday, April 11, 2011, 14:43

Hamid Karzai announced action against bad loans and rogue shareholders in the troubled Kabul Bank.

Financial panel to decide Kabul Bank`s fate

Last Updated: Sunday, March 27, 2011, 16:14

Kabul Bank nearly collapsed last year after allegations of mismanagement.

IMF recommends troubled Kabul Bank be wound down

Last Updated: Thursday, February 17, 2011, 00:08

The International Monetary Fund is recommending that Afghanistan`s troubled Kabul Bank be placed into receivership and then be quickly sold off.

Afghan minister calls for Kabul Bank graft probe

Last Updated: Thursday, February 03, 2011, 00:26

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

Afghan Prez’s brother made £500,000 on Kabul Bank property deal

Last Updated: Thursday, September 09, 2010, 14:33

Hamid Karzai’s brother made a half-million pound profit in eight months.

Attacks escalate on Afghan election eve

Last Updated: Wednesday, August 19, 2009, 12:17

Fresh attacks hit Kabul as Taliban gunmen stormed a bank building and fought pitched battles with police on Wednesday on the eve of Afghanistan`s second Presidential election.