The open trial session of the Kabul Bank case launched Monday in the capital of Kabul in an appellate court following President Ashraf Ghani's six-week deadline to finalize the country's largest corruption case.
Former chairman of Kabul Bank Sherkhan Farnood and former CEO of Kabul Bank Khalilullah Ferozi were among the perpetrators of Kabul Bank present at the hearing.
The prosecutor presented to the judge that Farnood and Ferozi were the main factors behind the collapse of Afghanistan's first and largest bank.
"Why is Abdul Qadeer Fitrat, the former governor of the Central Bank, not present here at the trial?" ex-CEO of Kabul Bank, Ferozi, asserted. "The collapse of Kabul Bank was plotted by Fitrat and his foreign partners."
Urging a fair audit, Ferozi expressed that he is ready to pay his debts if he is found liable to the government.
"We are jailed illegally without a court verdict," he claimed.
In his reply to the prosecutor, the ex-chairman of Kabul Bank said, his Dubai properties have been sold on behalf of him.
"I was unaware of this. I do not even have the list of what assets of mine have been sold," Farnood said.
The trial comes as President Ghani in his first days in office announced to reopen the Kabul Bank case and begin the fight against corruption with the largest scandal.
Kabul Bank, once the country's largest financial institution, was badly shaken and collapsed in 2010 as one of the largest banking schemes in history.
The former chairman and executive chief officer of Kabul Bank were sacked from their position and arrested over the embezzlement of over $900 million in cash and assets.