|
An independent report issued last year said Kabul Bank was run like Ponzi scheme with deposits being used to fund lavish villas in Dubai and other luxury purchases. Hundreds of millions of dollars were sent out of Afghanistan
-- some in airplane food trays, according to the report. The scandal has become a test case for President Hamid Karzai's pledge to clean up the notoriously corrupt government. Karzai has been regularly accused of prosecuting low-level graft while ignoring massive thievery on the part of friends or powerful allies. Last year's report by the Independent Joint Anti-Corruption Monitoring and Evaluation Committee said political interference has stymied much of the Kabul Bank investigation. The Afghan government is almost entirely paid for by foreign donors, many of whom have threatened to pull or curtail financing if they do not see proof that the Karzai administration is assuring that funds reach Afghan citizens as intended. The defendants have the option to appeal Tuesday's decision by the three-judge panel, which is considered a primary court ruling.
[Associated
Press;
Copyright 2013 The Associated
Press. All rights reserved. This material may not be published,
broadcast, rewritten or redistributed.
News | Sports | Business | Rural Review | Teaching & Learning | Home and Family | Tourism | Obituaries
Community |
Perspectives
|
Law & Courts |
Leisure Time
|
Spiritual Life |
Health & Fitness |
Teen Scene
Calendar
|
Letters to the Editor