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Report: Probe into Afghan bank scandal plagued by political interference
Key Excerpts from Article on Website of Washington Post


Washington Post, November 28, 2012
Posted: December 4th, 2012
http://www.washingtonpost.com/world/asia_pacific/report-afgh...

A scathing new report released [on November 28] details how high-level political interference and institutional failures thwarted efforts to probe the 2010 collapse of Afghanistans largest bank, recover hundreds of millions of dollars from fraudulent loans and prosecute the influential Afghans who profited from a massive scheme to use depositors money as a private piggy bank. Without naming names, an independent anti-corruption committee of Afghan and international experts painted a damning portrait of foot-dragging, incompetence and blatant political manipulation involving virtually every agency that was supposed to either investigate why the Kabul Bank failed or take legal action against those responsible for looting it of more than $900 million. Kabul Bank was nothing but a fraud perpetrated against depositors, and ultimately all Afghans, the report says. Both the flagrant crimes and the repeated failures to pursue them, it said, reflect an array of larger, worrisome problems that permeate Afghan society and institutions, including incapacity, nepotism, entitlement and political interference. Over and over, the report says, supposedly independent bodies such as the attorney generals office deferred to higher political wishes. Earlier this year, about 20 bank associates were indicted on charges including money laundering and using false documents or fictitious account names. The report quotes sources as saying that a high-level committee, meaning a group of powerful officials, decided which former bank associates would be charged with a crime and that prosecutors were told to construct indictments to conform to the decisions.

Note: For deeply revealing reports from reliable major media sources on financial corruption, click here.


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