Tuesday, February 23, 2010

Kabul Bank's Sherkhan Farnood feeds crony capitalism in Afghanistan - Washingtonpost

KABUL -- Afghanistan's biggest private bank -- founded by the Islamic nation's only world-class poker player -- celebrated its fifth year in business last summer with a lottery for depositors at Paris Palace, a Kabul wedding hall.

"What I'm doing is not proper, not exactly what I should do. But this is Afghanistan," Kabul Bank's founder and chairman, Sherkhan Farnood, said in an interview when asked about the Dubai purchases and why, according to data from the Persian Gulf emirate's Land Department, many of the villas have been registered in his name. "These people don't want to reveal their names." Banker feeds Afghan crony capitalism :

NATO commander takes apology direct to Afghans

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