Editor in Chief: Moh. Reza Huwaida Friday, April 26th, 2024

NKB CEO Not Cooperating with Investigation: Tribunal

NKB CEO Not Cooperating with Investigation: Tribunal

KABUL - Kabul Bank's Special Tribunal's Director has introduced the CEO of the New Kabul Bank to the Attorney General Office for not cooperating with the investigation of Kabul Bank's scandal.

Director Shamur Rahman Shams said he had sent a delegation to the New Kabul Bank to find out what the actual capitals of the bank were at the time of scandal, but faced an "uncooperative management."

"We sent a delegation comprised several departments, but the officials failed to cooperate us in a proper way, so we had to introduce the CEO to the Attorney General," said Mr Shams.

However, the New Kabul Bank's CEO, Masoud Khan Mosa Ghazi, dismissed the accusations, saying he and his team have cooperated with the investigators.

"Nearly $4.5m currently exists and $1.3 billion were the loans, and I provided all details to them," Ghazi told TOLOnews.

Meanwhile, Mr Shams said that no one has shown interest to buy Kabul Bank and its assets.

The tribunal's director said that Mahmood Karzai owes $9m and Hassin Fahim owes $3m, which they have failed to pay back due to their personal problems with former CEO Khalil Ferozi and Chairman Shirkhan Farnod.

He didn't explain the personal problems between the loan takers and the former executives of the bank.

Only $129m of nearly $912m have been recovered so far, according Mr Shams. (Tolo News)