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Kabul Bank

The Great Afghan Corruption Scam

Dilip Hiro | Posted 06.02.2013 | World
Dilip Hiro

Between 2005 and 2007, when American combat forces in Afghanistan doubled, the Pentagon's budget for the Afghan War leaped from $17.2 billion to $34.9 billion annually. In this period, opportunities for corruption rose exponentially.

Afghan Bank Executives Sentenced For Stealing $800 Million

AP | HEIDI VOGT and RAHIM FAIEZ | Posted 03.07.2013 | World

KABUL, Afghanistan -- An Afghan tribunal sentenced two top executives to five years in prison Tuesday for misappropriating hundreds of millions of dol...

Recommendations for a Prosperous Post-2014 Afghanistan

Anne Stevenson | Posted 02.12.2013 | World
Anne Stevenson

This week, Mustafa Yasa, director of foreign relations for the Municipality of Kabul, has joined me in writing this column. We plan to share with read...

Afghanistan Follies

Joseph Blady, M.D. | Posted 01.28.2013 | World
Joseph Blady, M.D.

Does our government ever look at the overall picture? Nothing could be more representative of the slimy, counter-productive nature of Karzai's leadership than the bank scandal.

Afghan Bank Scandal Details Emerge: A 'Well-Concealed Ponzi Scheme'

www.nytimes.com | Posted 11.27.2012 | World

KABUL, Afghanistan — Kabul Bank became Afghanistan’s largest financial institution by offering the promise of modern banking to people who had nev...

President Obama's Political Sepulcher

Bruce Fein | Posted 09.04.2011 | Politics
Bruce Fein

President Barack Obama's political sepulcher will be war. His extinguishment as a political comet could have been avoided if he had respected the exclusive constitutional responsibility of Congress to commence war.

Revealed: Elaborate Ruse Behind Massive Bank Fraud In Afghanistan

The Washington Post | Posted 08.31.2011 | World

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 ...

The U.S. Has No Idea How Much Taxpayer Money It's Burning on the Afghanistan Bonfire

Derrick Crowe | Posted 05.25.2011 | World
Derrick Crowe

The military push enabled by the escalations in Afghanistan isn't working, and the ally we're relying on is a corrupt fraud, and the spending we're doing to support that ally is being handed out with little accountability.

See No Evil: Movies, Inquiry Avoid Exposing Fraud While Banksters Go Free

Danny Schechter | Posted 05.25.2011 | Business
Danny Schechter

Ben Affleck's next movie, The Town, is set in Charlestown, Mass, known for the battle of Bunker Hill and dubbed in the past by tabloid TV as "hell's h...

Security in Afghanistan Crumbles as Counterinsurgency Fails

Derrick Crowe | Posted 05.25.2011 | World
Derrick Crowe

As President Obama's strategy review for Afghanistan commences, let's hope he's balancing the information coming to him from his happy-talking generals with some independent news reading of his own.

Scarborough, Rendell: Invest Afghan War Money In U.S.

Posted 05.25.2011 | Politics

Pennsylvania's Democratic Governor and conservative "Morning Joe" host Joe Scarborough agree: America cannot afford to spend $2 billion per week in Af...

Karzai Family Ties Shielded Flailing Afghan Bank

New York Times | ADAM B. ELLICK and DEXTER FILKINS | Posted 05.25.2011 | World

KABUL, Afghanistan -- In early 2009, as President Hamid Karzai scanned the landscape for potential partners to run in his re-election bid, he was appr...

Afghan Bank Bailout: U.S. Works To Prop Up Kabul Bank To Prevent Crisis

AP/Huffington Post | Posted 05.25.2011 | World

***UPDATE*** The Times has updated their story with comments from U.S. Treasury officials insisting that no American taxpayer money will be used to r...

Kabul Bank Bailout? Mahmoud Karzai, President's Brother, Calls For U.S. To Shore Up Bank

AP / Huffington Post | Posted 05.25.2011 | World

Hamid Karzai's older brother wants the U.S. to guarantee deposits at Afghanistan's largest bank to stop a developing bank run fueled by fears of fraud...

Afghan Authorities Take Over Biggest Bank To Avoid Meltdown

Washington Post | Joshua Partlow and Andrew Higgins | Posted 05.25.2011 | World

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 $...

6 Guards Beheaded In Afghan Bank Heist

AP | DEB RIECHMANN and AMIR SHAH | Posted 05.25.2011 | World

KABUL, Afghanistan — The Taliban have issued a new code of conduct ordering fighters to protect civilians – as long as they don't side wit...