ABOUT US  |  CONTACT US  |  RSS  |  ARCHIVE  |  2021-01-16  |  UPDATED: 1399/10/25 - 08:37:2 FA | AR | PS | EN
Johnson triggers diplomatic row with China by blaming it for coronavirus pandemic            Iran says US blacklisting of Yemenís Ansarullah will kill political process, talks             People plotting to do danger: US senator            Absolutely groundless: Russia rejects US claim of Iran-Qaeda ties             Afghan MPs: No System Acceptable Except Republic             J&J may not meet US COVID-19 vaccine supply target by spring: NYT             End of Trump era heralds failure of economic terrorism, bullying: President Rouhani            Venezuelaís Maduro denounces US ícriminal policyí at new parliament            Iran Navy starts military drills in southern waters, takes delivery of two warships            Russian opposition figure Alexei Navalny íto return to Russia on Jan. 17í            US threatens to sanction European firms helping Nord Stream 2 pipeline            North Korean leader pledges to strengthen military, nuclear arsenal            UAEís flag carrier suspends Tunisian pilot for refusing to fly to Israel            Lebanon files complaint with UN Security Council over Israeli violations            Iran: Pompeoís claims of al-Qaeda ties preposterous, shows failure of pressure policy            


DATE PUBLISHED: 2014/12/5 - 08:32:57
VISIT: 992
SHARE WITH YOUR FRIENDS

Kabul Bank Corruption Case Closed, Supreme Court Upholds Ruling
Kabul Bank Corruption Case Closed, Supreme Court Upholds Ruling

The Attorney General's office on Thursday reported that it would move forward with implementing the ruling of the Supreme Court on the Kabul Bank corruption case after the high court reaffirmed a previous appeals court decision on Thursday.

"The superior court and public security court of the Supreme Court endorsed the ruling of the appeals court," Supreme Court spokesman Abdullah Atayee said on Thursday.

The Supreme Court was asked to review the appeals court decision after a number of influential individuals indicted in the case rejected the initial ruling to increase prison terms for the bank's top executives and freeze assets of all those involved in the loan scheme.

The Kabul Bank case has become a symbol of Afghanistan's corruption problems since the embezzlement of over 900 million USD from the bank was first exposed in 2010.

According to the Attorney General's office, 12 million USD has been recuperated since the case was reopened by President Ashraf Ghani when he took office in September. Officials say all assets of the defendants in the case will remain frozen until the full amount of money stolen from the bank is recovered.

"The attorney general will implement the ruling of the court against the debtors of the bank beginning on Saturday," Attorney General spokesman Basir Azizi said.
The Supreme Court has also endorsed legal action against an additional 16 defendants in the case, including two foreign firms. "On the basis of the court decision, 16 other defendants including two foreign firms will also be prosecuted," Attayee said.

President Ghani's decision to have the Attorney General's office re-prosecute the Kabul Bank case has been promoted as evidence of the new government's commitment to combating Afghanistan's pervasive corruption problems. Yet many critics have downplayed it as a mere gesture and politically motivated move, some making claims that individuals responsible for stealing money from the bank have been kept out of the prosecution because of their influence in the national unity government.

Integrity Watch Afghanistan (IWA) has said that the investigation was not conducted properly. "The Kabul Bank case wasn't reassessed as it was supposed to be, those who are in high positions and played roles in the collapse of the bank should be prosecuted on the basis of the anti-money laundering law," IWA chief Syed Ekram Afzali said.

Former chairman of the Office of Oversight and Anti-Corruption, Azizullah Ludin, has also criticized the handling of the case. "The ruling of the appellate court will not settle the issue, the case has overshadowed the reputation of Afghanistan's banking system and people speculate that the court's actions were political and these speculations are right," Ludin told TOLOnews.

The Kabul Bank was the country's largest financial institution before its collapse in 2010. When it was exposed that over 900 million USD had been stolen by powerful debtors and the bank's top executives, a depositor panic occurred forcing the government, with the help of international backers, to bail the bank out.

 

LINK: https://www.ansarpress.com/english/3071






*
*

*



SEE ALSO

Afghan MPs: No System Acceptable Except Republic


US rejects claims its pushing for interim government in Afghanistan


UK troops should stay until peace talks are over: House of Lords


Peaceful, Stable Afghanistan Will Bring Opportunity: Imran Khan


Khalili meets with Pakistanís speaker of the house to discuss peace process


Gunmen target Mazar army personnel in military vehicle


US Troop Drawdown in Afghanistan íNot Haltedí: Report


38 Taliban killed, incl 9 Pakistanis, in airstrikes in Farah and Nimroz


Govt says NYT claims of misinforming media are baseless


í12 Civilians Killed in Nimruz Airstrikeí: Local Council Head





VIEWED
MOST DISCUSSED




POLL

Modi, Merkel Discuss Afghanistan, Radicalisation And Terrorism

SEE RESULT


LAST NEWS

House votes to impeach Donald Trump with just a week to go before he is due to step down

Johnson triggers diplomatic row with China by blaming it for coronavirus pandemic

Iran says US blacklisting of Yemenís Ansarullah will kill political process, talks

People plotting to do danger: US senator

Absolutely groundless: Russia rejects US claim of Iran-Qaeda ties

Afghan MPs: No System Acceptable Except Republic

J&J may not meet US COVID-19 vaccine supply target by spring: NYT

End of Trump era heralds failure of economic terrorism, bullying: President Rouhani

Venezuelaís Maduro denounces US ícriminal policyí at new parliament

Iran Navy starts military drills in southern waters, takes delivery of two warships

Russian opposition figure Alexei Navalny íto return to Russia on Jan. 17í

US threatens to sanction European firms helping Nord Stream 2 pipeline

North Korean leader pledges to strengthen military, nuclear arsenal

UAEís flag carrier suspends Tunisian pilot for refusing to fly to Israel

Lebanon files complaint with UN Security Council over Israeli violations

Iran: Pompeoís claims of al-Qaeda ties preposterous, shows failure of pressure policy

US rejects claims its pushing for interim government in Afghanistan

Millions of WhatsApp users migrate to Signal and Telegram

Ethiopia warns Sudan against igniting war at disputed border region

US faces extraordinary humiliation as Europeans refuse to meet with Pompeo

EU, OIC slam Israelís plan to build more illegal settler homes in West Bank

Several House Republicans join Democratsí bid to impeach Trump

Israel launches fresh airstrikes on Syriaís east: SANA

US claims show failed maximum pressure policy against Iran: FM spox

US state Capitols brace for armed protests against Biden victory

EU slams US blacklisting of Yemenís Houthis, warns of aid delivery disruption

UK troops should stay until peace talks are over: House of Lords

Peaceful, Stable Afghanistan Will Bring Opportunity: Imran Khan

UN and partners seek $1.3 billion to help 16 million Afghans

Iran says exporting its heavy water to eight countries

Khalili meets with Pakistanís speaker of the house to discuss peace process

Gunmen target Mazar army personnel in military vehicle

US Troop Drawdown in Afghanistan íNot Haltedí: Report

Bahrain to reopen airspace to Qatar after reconciliation

Top EU diplomat: US Capitol siege Ďwake-up callí for democracies

Pakistanís Imran Khan: Iran capable of turning into regional economic power

Official warns EU advocating Trump ílegacy to blackmail Iraní

UK ramps up COVID vaccinations as it faces íworst weeksí of pandemic

Hundreds of cars stranded due to historic heavy snowfall in northern Japan

UAE has converted Yemenís Balhaf gas facility into secret prison


MEDICAL NEWS


ANSAR PRESS ©  |  ABOUT US  |  CONTACT US  |  MOBILE VERSION  |  LINKS  |  DESIGN: Negah Network Co.
All right reserved. Use this website by mentioning the source (link) is allowed. ›—ś‘ź«Ś «یš —š ی šŕŠ»šŌ«š