The assets of Mahmood Karzai and Haseen Fahim have been frozen by the Attorney General Office (AGO) over the the outstanding payment of loans from Kabul Bank which collapsed in 2010.
Basir Azizi, spokesman for the Atttorney General Office said Tuesday that the assets of Abdul Ghafar Dawi were also freezed following the verdict by the appellate court.
Mahmood Karzai has said that his assets were frozen based on the court order but he has paid all outstanding loans.
According to Attorney General Office, Haseen Fahim and Abdul Ghafar Dawi are prepared to return the outstanding loans.
In the meantime, Azizi said the acting finance minister Hazrat Omar Zakhilwal could face prosecution if former Central Bank chief and head of the New Kabul Bank did not appear in the court.
He said the two officials are currently outside of Afghanistan and were given bail by Zakhilwal.
Kabul Bank scandal case was reopened after President Ghani issued a decree to reopen the case of Kabul Bank scandal on the first week of his presidency.
Kabul Bank was one of Afghanistan’s largest private financial institutions founded in 2004 by Sherkhan Farnood, who was an international prominent poker player. Khalilullah Fruzi, the former chief executive of the bank, was another key staff.
Kabul Bank was seized by the government in 2010 after the exposure of a staggering $900 million fraud, which led the International Monetary Fund to temporarily halt its hundreds of millions of dollars of loans to the country.
LINK: https://www.ansarpress.com/english/3013
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