Sunday, January 30, 2011

Losses at Afghan Bank Could Be $900 Million

KABUL, Afghanistan — Fraud and mismanagement at Afghanistan’s largest bank have resulted in potential losses of as much as $900 million — three times previous estimates — heightening concerns that the bank could collapse and trigger a broad financial panic in Afghanistan, according to American, European and Afghan officials. - Losses at Afghan Bank Could Be $900 Million - nytimes
Afghan Lender Disputes Losses at Kabul Bank

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