Business
$40 million has been attained from Kabul Bank scandals – AGO
More than $40 million has been returned back to Kabul Bank after the final decision of the special court on the bank embezzlement case, officials said.
President Ghani issued a decree on his initial days inquiring to re-open the Kabul Bank embezzlement case, and the court soon sentenced the biggest scandals including Ex-Chairman Shir Khan Farnood, and Ex-CEO Khalilullah Ferozi, but the government is still unsuccessful to return moneys back and trial those powerful shareholders who were also involved in Kabul Bank crisis.
Now, about four months have passed since the Supreme Court has directed the AGO to collect all the loans of the bank and credit it into the Afghanistan’s Central Bank account, but none of the loaners have paid their loans yet.
Attorney General’s Office (AGO) of Afghanistan emphasis serious follow up on this case, but a number of lawmakers believe that the government has already failed to return the moneys being embezzled.
Noor Habib Jalal Acting-Head of Afghanistan’s AGO said,” Kabul Bank Clearance Office is working hard on this case, as yet we could attain cashes and properties which worth more than $40 million, and we are following this case”.
![KABUL_BANK_15_04_2015_DARI_SOT.avi_snapshot_00.22_[2015.04.15_15.40.56]](http://ariananews.af/wp-content/uploads/2015/04/KABUL_BANK_15_04_2015_DARI_SOT.avi_snapshot_00.22_2015.04.15_15.40.56.jpg)
Earlier Integrity Watch of Afghanistan (IWA) announced that the New Kabul Bank losses about $ 7 million annually and the bank has lost about $ 50 million since it was bankrupted on 2010.
On the other hand Farhad Azimi a member of the parliament criticized the government and said,” the Kabul Bank loaners have their own part in the government, therefore; the government is not committed to execute the court decisions”.
He added, the Kabul Bank scandals are “travelling along with the government leaders to foreign trips” probably pointing to Ex-finance minister Omar Zakhilwal who is currently the economic advisor of President Ghani.
Another MP Zakaria Sawda pointed,” the government is unable to finalize Kabul Bank crisis, because Kabul Bank loaners are close relatives to the powerful people”.
Previously, a senate member said that the government is neglecting the real scandals including Zakhilwal.
Zalmai Zabuli, the Senate Complaints Commission Chief has said,” Investigations on Kabul Bank crisis case are still without any result and it is really concerning. Several documents prove involvement of government high ranking officials in Kabul Bank crisis including ex-finance minister involvement, but the question is why they are not trialing Omar Zakhilwal? Documents prove his involvement in Kabul Bank crisis, but both the government and the judiciary systems are keeping their silent about him.”
Kabul Bank corruption is the biggest scandal in Afghanistan’s financial history which is still not cleared even after two courts.
Reported by: Ahmad Farshad Saleh
Deputy Prime Minister for Administrative Affairs Abdul Salam Hanafi says Afghanistan has the potential to become one of the most important industrial centers in the region.
Speaking at the opening ceremony of the national and international expo on the occasion of Industry Week, Hanafi said that the growth of industry lays the foundation for the growth of other economic sectors and that the Islamic Emirate fully supports domestic production in the country.
“Afghanistan has important and rich factors for industrial production, which can become one of the important industrial centers in the region. The growth of industry will be the basis for the growth of other economic sectors, especially agriculture,” said Hanafi.
Acting Minister of Industry and Commerce, Nooruddin Azizi, added that the IEA has programs in the fields of industry development and support for the private sector that will make Afghanistan self-sufficient.
Azizi stated that Afghanistan’s industrial sector is currently progressing and the quality of export goods has also improved.
Some investors said at the ceremony that after the return of the IEA, the country’s exports have increased and the number of manufacturing companies has also increased.
This expo is open to visitors for seven days, and industrial products are showcased in 450 booths.
Women in business also attended the meeting.
Afghanistan and Pakistan have agreed on the issuance of a temporary admission document for transporters of commercial goods, Afghanistan’s Ministry of Transport and Aviation announced on Sunday.
The ministry said in an announcement that truck drivers and their assistants carrying commercial goods from Afghanistan and Pakistan must have this document with them at the crossings.
Based on the announcement, the document will be issued to Afghans at the Pakistani embassy in Kabul and its consulate in Kandahar.
For Pakistanis, the document is distributed at the office of the Afghanistan transport attaché in Peshawar and Quetta.
The Ministry of Transportation and Aviation asked owners and drivers of trucks to submit the required documents to their respective transportation companies by June 1.
The ministry warned that after June 1, trucks cannot travel between the two countries without having the temporary admission document.
Pakistani officials have announced that consultations are underway with stakeholders on preferential trade agreements with Afghanistan and Azerbaijan.
According to Dawn newspaper, the issue was announced on Friday in a meeting on trade chaired by Pakistan’s Prime Minister Shahbaz Sharif.
In the meeting, the strict monitoring of Afghan Transit Trade was also emphasized.
Pakistani officials have not provided further details on preferential trade with Afghanistan and Azerbaijan.
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