Tuesday, August 31, 2010

Afghan authorities take over biggest bank to avoid meltdown - washingtonpost

KABUL - Afghanistan's Central Bank has taken control of Kabul Bank, a politically potent financial institution partly owned by President Hamid Karzai's brother, and ordered its chairman to hand over $160 million worth of luxury villas and other property purchased in Dubai for well-connected insiders, according to Afghan bankers and officials. - Afghan authorities take over top private bank
An Afghan exodus, of bank notes
In Afghanistan, signs of crony capitalism


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