Editor in Chief: Moh. Reza Huwaida Thursday, October 18th, 2018

Fitrat Faces Charges Over Kabul Bank

Fitrat Faces Charges Over Kabul Bank

KABUL - The Afghan attorney general's office says it's prosecuting the former governor of the central bank who has fled Afghanistan amid allegations that he played a role in the Kabul Bank scandal. Deputy Attorney General Rahmatullah Nazari says that Abdul Qadir Fitrat and other officials at the central bank will be legally prosecuted. He said Tuesday that Fitrat did not act on warnings he received about widespread corruption at the bank.

Kabul Bank nearly collapsed last year because of mismanagement and questionable lending practices.
On Monday, Fitrat told The Associated Press in a phone call from Virginia that he resigned and fled to the United States because his life was endangered. He said the Karzai government was refusing to charge those involved in fraudulent loans. (AP)