e-Ariana - Todays Afghan News
 Contact Us  
 An Ariana Media Publication 04/19/2014
 Farnood’s Claims Will Be Investigated: Kabul Bank Court

By Shakeela Ahbrimkhil

[Printer Friendly Version]

The head of the special court on the Kabul Bank crisis said there will be an investigation into the claims made by the bank's former chairman and founder Sherkhan Farnood on the involvement of Afghanistan's top leaders, including the president, in the bank's crisis.

Farnood claimed on Wednesday at the first hearing of the court that President Hamid Karzai used $20 million of bank money to fund his electoral campaign for the 2009 presidential poll.

Farnood also named Hassan Fahim, the brother of First Vice President Mohammad Qaasim Fahim, as well as the Minister of Finance Hazrat Omar Zakhilwal and the Attorney General as contributing to the near-collapse of the bank after more than $900 million being embezzled and misappropriated.

Head of Kabul Bank Special Court Shamsul Rahman Shams said Farnood has been asked for evidence of his claims.

"We asked Farnood for evidence and proof of his claims but he has not yet offered any evidence. If he can prove them, we will put [those accused] under interrogation, no matter who it is," Shams said Thursday.

Hassan Fahim, a shareholder of the former bank, rejected the claims said in the public court on Wednesday. Farnood had said Fahim was given $178 million.

"I owed about $36 million and I paid, you can check the documents. Farnood himself is accused of owing $400 million but he wants to decrease his crime so he named Mahmood Karzai and me," Fahim told TOLOnews Thursday.

"The First Vice President Mohammad Qasim Fahim does not have any relationship to my business. Before he came into power, I had that business," Fahim added on whether his brother's position in government gave him greater access to the bank funds.

Shams also said on Thursday that Fahim had paid his debts.

The court hearing, which is seeking to assess the involvement of 22 Kabul Bank employees, should be wrapped up within a month, according to Shams.

"We asked for information from the Attorney General office and when they send us reliable data [on the bank debts] we will announce our last decision in less than one month," he said.

He said five people had released their statements of defense in the first court and the remaining will release their statements in the second hearing on Saturday.

Back to Top

Other Stories:

20,000 Heratis being sent to Iran for work
Pajhwok (12/27/2013)

At Kabul airport, exodus of U.S. aid goes on
The Washington Post (12/27/2013)

Haqqani Network leaders sexually abuse teenager boys
Khama Press (12/27/2013)

Unemployment, Crime Rising Ahead Of Troop Pullout
Tolo (12/27/2013)

British army head warns Taliban could retake key territory in south
Khama Press (12/27/2013)

Election Officials Emphasize Impartial Surveys
Tolo (12/27/2013)

A Complete US Withdrawal From Afghanistan Would Be 'A Complete Catastrophe' For Civilian Aid
Reuters (12/27/2013)

Facing Big Changes, Anxious Afghans Hope For The Best In 2014
NPR (12/27/2013)

Afghanistan, North Korea, and Somalia Are the World's Most Corrupt Countries, With China in the Middle
businessweek.com (12/04/2013)

Poetry of Betrayal: Afghan Elections and Transitional Justice
Beacon Reader (10/25/2013)

Couple beheaded in Helmand province for having love affair
Khaama Press (10/25/2013)

US senator says no aid for Afghanistan unless security deal finalized
Khaama Press (10/25/2013)

Would-be child bombers detained: NDS
Pajhwok (10/25/2013)

Afghanistan’s Next First Lady Could be a Christian
PJMedia.com (10/24/2013)

The Afghan dead find a list
Inter Press Service (10/24/2013)

10 runners shortlisted in 2014 presidential race
Pajhwok (10/24/2013)

Next Afghan president: A pen or bulldozer?
Asia Times (10/24/2013)

Afghan Election Frontrunners
The Wall Street Journal (10/09/2013)

Karzai Lashes Out at U.S. for Its Role in Afghanistan
The New York Time (10/08/2013)

Karzai offered my party $100m, Noor claims
Pajhwok (10/07/2013)

Gen. Dostum apologizes for his role in Afghanistan civil war
Khama Press (10/07/2013)

27 Candidates nominated for 2014 Afghan presidential election
Khaama Press (10/07/2013)

Karzai’s elder brother Qayum Karzai nominated for Afghan presidency
Khaama Press (10/06/2013)

Afghan mines minister Shahrani resigns to run in 2014 elections
Khaama Press (10/06/2013)

Dr. Zalmai Rasoul nominated for 2014 presidential elections
Khaama Press (10/06/2013)

Ghani formally launches quest for presidency
Pajhwok (10/06/2013)

Limited VP choices put wannabes in tight spot
Pajhwok (10/05/2013)

US embassy rejects Karzai chief of staff Karim Khoram’s remarks
Khama Press (07/18/2013)

Afghan women suffer setback as parliament lowers quota for female lawmakers
NBC News (07/18/2013)

Afghanistan, US Dispute Millions in Customs Fines
Voice of America (07/18/2013)

Back to Top