Afghan Authorities Take Over Biggest Bank To Avoid Meltdown

09/01/2010 07:50 am ET | Updated May 25, 2011
  • Joshua Partlow and Andrew Higgins Washington Post

Afghanistan's Central Bank has taken control of the country's biggest and most politically potent private bank and ordered its chairman to hand over $160 million worth of luxury villas and other real estate purchased in Dubai for well-connected insiders, according to Afghan bankers and officials.

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