KABUL - Officials in Kabul Bank (KB) Receivership Department said the properties of the bank will not be able to settle the debts and lost money of the Kabul Bank.
The Afghan government seems to be unable to resolve the issue of Kabul Bank during the past two years after its collapse.
Syed Hamid Mohibi chief of the Kabul Bank Receivership Department said no one is prepared to purchase the properties of the Kabul bank.
Mr. Mohibi further added they have recovered only $135 million after sailing the properties of Kabul Bank inside and outside the country.
He said, "The properties which are seized by the settlement department are having issues specifically their prices are very high like the Hairatan fuel storages and no one is prepared to purchase the mentioned properties."
Kabul Bank the first private bank of Afghanistan collapsed nearly two years ago and the Afghan government took control of the bank.
According to the Afghan officials around $900 million was lost by the shareholders of the bank.
The two top shareholders of the bank Sher Khan Farnood and Khalilullah Feruzi were arrested by the Afghan government over corruption charges.
Afghan officials said the lack of better administration and irresponsible expense of the money of the bank was the main reasons behind the collapse of the Kabul Bank.
Mahmood Karzai brother of President Hamid Karzai and Hussain Fahim brother of the deputy Afghan president Mohammad Qasim Fahim were also shareholders of the Kabul Bank however officials said Fahim owed $19 million and Mr. Karzai owed $4 million which were returned to the bank.
In the meantime officials Kabul Bank Receivership department said they have referred 11 corruption cases to the commission for resolving the issue.
The collapse of the Kabul Bank created concerns both inside the country and in international community.
International Monetary Fund (IOM) following the collapse of the Kabul Bank postponed its funds to Afghanistan which was later resumed subject to the settlement of the issues of the bank. (Agencies)