believed life was completely in danger over corruption probe
Last Updated : GMT 05:17:37
Emiratesvoice, emirates voice
Emiratesvoice, emirates voice
Last Updated : GMT 05:17:37
Emiratesvoice, emirates voice

Afghan central bank chief flees to US

Believed life was \"completely in danger\" over corruption probe

Emiratesvoice, emirates voice

Emiratesvoice, emirates voice Believed life was \"completely in danger\" over corruption probe

Kabul bank of the country's largest private lender
London - Arabstoday

Kabul bank of the country\'s largest private lender Afghanistan\'s central bank governor has reportedly resigned and fled to the United States, saying his life is in danger over a corruption probe targeting figures connected to the government. Abdul Qadir Fitrat , chairman of Da Afghanistan Bank, made his announcement while on a visit to the United States, where he has permanent residency, according to several news reports.
He said he feared political interference and reprisals over his role in an investigation into the near-collapse last year of Kabul Bank, the war-torn country\'s largest private lender.
\"My life was completely in danger and this was particularly true after I spoke to the parliament and exposed some people who are responsible for the crisis of Kabul Bank,\" he was quoted as saying by the BBC.
A spokesman for Afghanistan\'s finance ministry, Aziz Shams, declined to comment in detail, saying the central bank was \"an independent institution.\" President Hamid Karzai\'s spokesman Waheed Omer was not immediately contactable.
In April, Fitrat named in parliament high-profile figures who were allegedly involved in a mammoth corruption scandal at Kabul Bank.
The bank was founded in 2004 by Sherkhan Farnood, a leading international poker player. Its co-owners included Mahmood Karzai, a brother of President Karzai, and a brother of Vice President Mohammad Qasim Fahim.
The lender was taken over last year by Afghanistan\'s central bank after claims that executives granted themselves off-the-book loans worth a reported $900 million that were partly used to buy luxury properties in Dubai.
The scandal has highlighted chaos and corruption in Afghanistan\'s financial system at a time when US-led combat troops are looking to exit the country, a decade after ousting the fundamentalist Taliban regime.
Some foreign troop withdrawals are due to start next month, with 10,000 United States forces scheduled to leave by the end of this year.
The International Monetary Fund wants the Karzai government to take steps to ensure a similar scandal does not happen again before it approves a new assistance programme for the desperately-poor country.
The impasse has already seen hundreds of millions of dollars in international aid money to Afghanistan being withheld this year.
\"We take note of Governor Fitrat\'s decision to step down as central bank governor,\" IMF spokesman Raphael Anspach said, according to the Wall Street Journal.
\"We look forward to continue discussing with his successor ways to improve the Afghan banking system in the period ahead.\"
Fitrat is reportedly holed up in a hotel in Washington\'s Virginia suburbs and refusing to return to Afghanistan.
\"We do know that he is in Washington,\" US State Department spokeswoman Victoria Nuland told reporters, declining to confirm that he had resigned.
\"If there were to be a change of leadership at the Afghan central bank, we would continue to encourage that government to take all the necessary steps to reform and strengthen the financial sector,\" she said.
The Kabul Bank crisis was triggered last September and led to fears that the lender could collapse.
A run on the bank was only halted after government assurances and injections of huge amounts of public money.
Some 80 percent of government employees are thought to receive their wages through the bank.
Fitrat said in April that only around $47 million in cash of the $900 million had been recouped so far.
President Karzai has said rogue shareholders have been expelled from the bank and that they will face legal action if they do not repay their loans.
But Karzai has also lashed out at international institutions for allegedly failing to unearth Kabul Bank\'s problems, and his government has hinted that it could pull out of talks with the IMF despite the likely financial damage.
A week ago, Finance Minister Omar Zakhilwal said the government was \"running out of patience\" and accused the IMF of \"playing games\" over the crisis at Kabul Bank.
However, in announcing his resignation, Fitrat accused Afghan authorities of dragging their feet on the promised legal action.
According to the BBC, Fitrat said he had expected the probe would \"help bring a closure\" to the Kabul Bank scandal, but instead it had \"brought more danger and it brought more conspiracy against me and against my life\".
 

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

believed life was completely in danger over corruption probe believed life was completely in danger over corruption probe

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

believed life was completely in danger over corruption probe believed life was completely in danger over corruption probe

 



GMT 10:31 2014 Tuesday ,23 December

Mirages of failure: Lebanon cannot wait

GMT 10:06 2011 Friday ,02 December

Cold weather expected in Bahrain

GMT 08:44 2017 Thursday ,07 September

Kurdish Peshmerga is ready with plan to liberate Hawija

GMT 13:43 2017 Wednesday ,17 May

One dead, 89 other injured in 251 incidents

GMT 10:31 2011 Monday ,13 June

China flood deaths rise, more rain expected

GMT 12:38 2011 Wednesday ,28 September

Milan Fashion Week: Marni S/S 2012

GMT 23:09 2016 Friday ,30 September

Premier League corruption claims a lie, says agent

GMT 12:26 2017 Monday ,06 November

Shaji's brainchild T10 could open

GMT 10:23 2017 Thursday ,23 November

AQUARIUS (January21st-February19th)

GMT 09:42 2017 Tuesday ,19 December

Doha and its arms purchase policy

GMT 04:49 2017 Thursday ,15 June

Enjoy up to 80% discount

GMT 01:20 2017 Saturday ,30 September

Relatively hot weather in UAE forecast

GMT 09:16 2017 Monday ,09 October

Rashi Hosni: Latest match was difficult
 
 Emirates Voice Facebook,emirates voice facebook  Emirates Voice Twitter,emirates voice twitter Emirates Voice Rss,emirates voice rss  Emirates Voice Youtube,emirates voice youtube  Emirates Voice Youtube,emirates voice youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

emiratesvoieen emiratesvoiceen emiratesvoiceen emiratesvoiceen
emiratesvoice emiratesvoice emiratesvoice
emiratesvoice
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
emiratesvoice, Emiratesvoice, Emiratesvoice