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Kabul Bank trail postponed to Tuesday

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Last Updated on: October 25, 2022

vlcsnap-2014-11-10-18h28m10s232The trail of Kabul Bank case ended without any result Monday after the first court session and postponed to Tuesday.
ShirKhan Farnood and Khalilullah ferozi the shareholders of former Kabul Bank admit that they are involved in Kabul Bank case, but said that other shareholders are also involved in the case.
“Hakim Beri and Zakhail Wal Fetrat were the main cause of our misery. This is conspiracy against us.” Ferozi said.
The attorneys said that the critical factors of Kabul Bank case are those that their lists have been released earlier.
Officials said that Afghan government have been recovered some of the embezzled money of Kabul Bank and trying to recover the remained embezzled money of the bank.
They added that they could recover $ 177 million dollars so far.
While Kabul Bank faced crisis that over $ 900 million dollars in cash were taken illegally from the investment of the bank.
Earlier, President Ashraf Ghani Ahmad Zai is said to consider the Kabul bank case one of the world’s largest banking fraud.

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Pakistani airstrikes on civilian areas in three Afghan provinces kill 13

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Zabihullah Mujahid, spokesman for the Islamic Emirate of Afghanistan (IEA), said on Wednesday Pakistani military forces violated Afghanistan’s airspace overnight and carried out airstrikes on civilian homes in the eastern provinces of Kunar, Khost and Paktika.

According to Mujahid, the attacks killed 13 civilians, including 11 children, one woman and one elderly man. He said 14 other women and children were wounded in the strikes.

Mujahid condemned the attacks as a “humanitarian crime” and an “act of aggression,” accusing Pakistan of targeting civilian areas.

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Karzai, UK envoy react after protest dispersed in Herat

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Former Afghan President Hamid Karzai has expressed concern over the dispersal of a protest in the Jebrail area of Herat province by security forces, saying the incident involved violence.

Karzai said: “Our society needs peace and a life full of happiness and friendship.” He added that “the dignity and respect of all Afghan people, especially women, must be fully observed, and conditions for a dignified life must be ensured in their homeland.”

Security forces on Tuesday dispersed a gathering in the Jebrail area of Herat, which, according to Sayed Masoud Hosseini, spokesperson for Herat police, had caused tension and disrupted public order.

Hosseini said the individuals had gathered under the pretext of protesting the issue of hijab and were attempting to disturb public order, adding that the situation was brought under control following the timely intervention of security forces.

Meanwhile, the UK Special Representative for Afghanistan, Richard Lindsay, also reacted to the incident, calling for de-escalation and respect for freedom of expression.

In a post on X on Tuesday evening, Lindsay said: “Deeply concerned by reports of force being used on the streets of Herat. I call for de-escalation, respect for freedom of expression, and accountability for any unlawful harm.”

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Afghan central bank, AACC discuss expanding banking, trade and investment ties

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Sediqullah Khalid, First Deputy Governor of Da Afghanistan Bank, met on Tuesday with Jeff Grieco, President and CEO of the Afghan-American Chamber of Commerce (AACC), to discuss expanding banking relations among Afghanistan’s commercial banks, strengthening trade, increasing investment opportunities, and enhancing stability in the banking sector.

According to a statement issued by Da Afghanistan Bank, Khalid said that alongside establishing a stable and robust banking system, the central bank remains committed to supporting the private sector and promoting trade, while working to expand constructive cooperation and relations with domestic and international institutions.

He added: “We believe that strengthening the banking sector and fostering private sector growth are among the key foundations of the country’s economic development and sustainable prosperity.”

Meanwhile, Grieco emphasized the importance of expanding joint cooperation to strengthen banking and trade relations, promote economic growth, facilitate business activities, and support the private sector.

The two also discussed a number of issues, including addressing traders’ banking challenges, electronic banking, international money transfers, improving financial services, and strengthening Afghanistan’s economic activities, according to the statement.

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