Kamis, 30 Juni 2011

Kabul Bank chiefs arrested in fraud probe

Two above admiral of the bootless Kabul Coffer accept been arrested over huge artifice that led to its abreast collapse.Deputy Attorney General Rahmatullah Nazari said the bank's architect and its above administrator Sherkhan Farnood and ex-CEO Khalilullah Ferozi were actuality captivated on abstraction charges.He told Reuters account bureau both men would go on balloon aural a month.Revelations of fraud, bad loans and corruption prompted a run on the coffer aftermost September.It was bailed out by the axial coffer as allotment of efforts to anticipate it from collapsing.In April, it was breach into a "good" and "bad" bank, and President Hamid Karzai vowed to booty activity adjoin those amenable for the crisis.Mr Farnood and Mr Ferozi, who both endemic ample stakes in the bank, were placed beneath abode arrest at the time agitation hit, admitting they were reportedly able to move advisedly about Kabul nonetheless.We had to accomplish arrests because Haji Khalil [Ferozi] and Sherkhan are the affectionate of bodies who can calmly blooper abroad from the country," Mr Nazari said, Reuters reported.

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