English | دری

Kabul Bank new CEO not cooperating with investigation

in Afghan Business

Kabul Bank new CEO not cooperating with investigation

The CEO of the new Kabul Bank, Masoud Khan Mosa Ghazi, is alleged by Kabul Bank’s Special Tribunal’s Director for not cooperating with the investigation of Kabul Bank’s scandal.

Director Shamur Rahman Shams said he had sent a delegation to investigate about the actual capital of the banks during the time of scandal, but faced an “uncooperative management”.

Mr. Ghazi, however, dismissed the accusations and claimed that he and his team cooperated with the investigators.

Nearly $4.5m currently exists and $1.3 billion were the loans, and I provided all details to them,” Ghazi said.

Meanwhile, Mr Shams said that no one has shown interest to buy Kabul Bank and its assets.

The tribunal’s director said that Mahmood Karzai owes $9m and Hassin Fahim owes $3m, which they have failed to pay back due to their personal problems with former CEO Khalil Ferozi and Chairman Shirkhan Farnod.

He didn’t explain the personal problems between the loan takers and the former executives of the bank.

Only $129m of nearly $912m have been recovered so far, according Mr Shams.



Related Articles

Germany and Afghanistan commit to strong partnership

Dr Gerd Müller, Germany’s Federal Minister for Economic Cooperation and Development, arrived on Tuesday in Kabul as the first German

Chabahar port agreement to be signed on Monday

Afghanistan, India and Iran are expected to sign the Chabahar Agreement on Establishment of the International Transport and Transit Corridor

DABS to address Kandahar's electricity problems

Da Afghanistan Breshna Sherkat (DABS) has sent a delegation to southern Kandahar province to discuss power problems in the province.

No comments

Write a comment
No Comments Yet! You can be first to comment this post!

Write a Comment

Your e-mail address will not be published.
Required fields are marked*

Time limit is exhausted. Please reload the CAPTCHA.