Afghanistan Bank Fraud: Kabul Target Of Massive Scheme

The Washington Post:

The top two officials of Kabul Bank used fake names, forged documents, fictitious companies and secret records as part of an elaborate ruse to funnel hundreds of millions of dollars to shareholders and top Afghan officials, according to newly obtained documents and interviews.

Read the whole story: The Washington Post

Comments

[jethronor]

08:28 PM on 07/02/2011

Hard to believe they found a place to spend all of Karzi's brothers heroin money? Now they are scamming banks of us cash? They must have plenty nice camels

[Robgrut]

03:00 AM on 07/02/2011

The Obama administration is responding by cracking down on state governments' antifraud measures. The administration is seeking to compel California, New York and Texas to cease requiring food-stamp applicants to provide finger images.

http://online.wsj.com/article/SB10001424052702304657804576401412033504294.html?mod=djemEditorialPage_t

[duxguts]

02:16 AM on 07/02/2011

Your tax dollars at work folks. Probably already invested in the real estate sector in Dubai.

[Skeetshooter]

10:26 PM on 07/01/2011

I didn't think this was possible, but Afghan bankers are even more corrupt than American ones. BackSHEESH!, there go the Afghani hearts and minds...

[THE GREAT PURIFIER]

11:48 PM on 07/01/2011

How does one tell the difference between the Afghan and the Wall Street bankster?

[loki]

08:37 PM on 07/01/2011

glad to see were still spreading our current style of democracy around the globe.

[how goes the matrix]

04:55 PM on 07/01/2011

Poor saps they've been Bernie Made Offed ...

[katylab]

04:54 PM on 07/01/2011

Time for the US to leave Afghanistan! How many more Americans must die to preserve the corrupt government of Karzai? The US should cut off all money to Afghanistan and Pakistan.

Stop worrying about Pakistan's nuclear arsenal. If we leave, the Russians and Chinese will move in to protect the nukes from terrorists. The Afghans enjoyed having the Soviets occupy their country - they will probably love Putin's Russians. Perhaps they can ask the Tibetans how much they enjoy their Chinese overlords.

Let Russia and China bankrupt themselves while Americans get national health care, improved infrastructure, and better education with the military savings.

[how goes the matrix]

04:53 PM on 07/01/2011

Before you can create an economy you must first destroy it.

It takes a pillage ..

[taxpaying]

03:43 PM on 07/01/2011

Democracy is spreading to Afghanastan complete with its corruption! The banks have been bailed out, probably by the US taxpayer because we're such moral suckers. The politicians there have caught onto the fact that if your in government you can line your pockets and those of your friends, that's democracy! The US government is arrogant beyond words when they spend trillions to spread corrupt democracy worldwide while allowing the corruption within it to grow without legal challenge to it. Bankers there shouldn't worry about prosecution because Wall Street will not want it done thinking it might actually make the US Justice Department prosecute any of them.

[garymc8]

03:36 PM on 07/01/2011

Learning from american corporate THIEVES

[nastywolf]

03:26 PM on 07/01/2011

US Foreign Policy In A Nutshell: "We'll Pay You To Let Us Liberate You To Death!"

[THE GREAT PURIFIER]

11:51 PM on 07/01/2011

A bumper sticker on a NYC car (for real): "Be good to America or we will send democracy to your country" (not a verbatim quote...you get the idea).

[Aneesia]

03:24 PM on 07/01/2011

I didn't know they had a Bank of America in Afghanistan. I thought they only screwed us here.

[nastywolf]

03:22 PM on 07/01/2011

If Washington was as diligent about recovering the ill-gained looting of the US taxpayer by foreign governments and corrupt officials....as they are about hounding impoverished seniors in an effort to take away their homes and bank accounts when the time comes that they need medical care....we wouldn't have this Kabul Corruption in the first place.

The USA cannibalizes its own citizens, to feed the world's rich!

[Reno Fickler]

03:20 PM on 07/01/2011

In another move to reduce the world's pollution, the US Govt has implemented a new program to no longer burn the dirty American currency. The money is now loaded on boats and sent to one of several foreign countries, i.e., Iraq, Afghanistan, ..........
I think they use it for fire-wood.

[farmilyman]

03:18 PM on 07/01/2011

Isn't that normal for big banks?