Kabul Bank Scandal Continues to Plague Afghanistan and War Efforts

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Thursday, September 1, 2011
Author: 
Bruce Zagaris
Volume: 
27
Issue: 
9
Abstract: 
The continuing scandal over massive alleged fraud over hundreds of millions of dollars of missing money lent to insiders, including shareholders and top Afghan officials, receiving large loans through fake names, forged documents, fictitious companies and secret companies has caused the IMF to suspend its line of credit and has jeopardized the continuing flow of aid money to Afghanistan at a critical time...[more]