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60pc of Kabul Bank looted money recovered

· 1 min read · 400 views

KABUL Bank officials said on Thursday.

The bank, once the country’s largest private lender, nearly collapsed after revelations that most of its money had been loaned to its politically powerful managers and shareholders and their associates to fund reckless investments and beachfront mansions in Dubai.

Subsequently, two senior shareholders were removed and the government took the bank's control.

Sher Khan Fernud, Khalil Ferozi, Mohammad Hussain Fahim, Mahmood Karzai, Gulbahar Habibi, Abdul Ghafar Dawi, Mohammad Ibrahim, Sofi Nisar, Tahir Zahir, Daud Nasim were . . .

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