5 more accused in Kabul Bank case detained

KABUL (Pajhwok): Another five accused in the Kabul Bank scandal have been arrested by the Interior Ministry’s anti-crime police following a court verdict in the case.

The Ministry of Interior in a statement said the five detainees had been referred to the administrative corruption attorney.

They include Sadiq Yar Company director Attiqullah and his deputy Mohibullah, an employee of Kabul Bank and Sayer Masssoud Limited Director Abdul Majeed, shopkeeper in Kabul’s second police district Haji Mohammad and Mohibullah son of Tahir, the statement said.

The ministry said the men had been detained in compliance with a presidential decree that ordered fresh investigations into the Kabul Bank scandal.

The arrests follow a Kabul court verdict increasing jail sentences of the bank’s former executives Khalilullah Ferozi and Sher Khan Farnood to 10 years each.

Judge Mehrajuddin Hamidi directed the prosecutors to inspect a list of 227 individuals involved in the case. The list was provided to the court of appeal by Farnood.

The appeal court ruling came after President Ashraf Ghani ordered fresh investigations into the massive fraud that led to the collapse of the bank in 2010, when the fraud unearthed.

Fake companies were given loans by the bank, and the cash spirited abroad in a sophisticated operation to buy homes in Britain, Dubai, Switzerland and the United States.

Fernood and Ferozi, who were jailed last year for five years with 18 others, were asked in the ruling to pay back the hundreds of millions of dollars lost in embezzlement.
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