Central Bank's intervention

Afghanistan's Central Bank has purged the senior management of Kabul Bank, the country's largest private financial institution. It wants to untangle a web of illegal loans and recover real estate purchased in Dubai with bank money, including lavish villas bought for Afghans connected to President Hamid Karzai.

SOURCE: | Andrew Higgins and Cristina Rivero/The Washington Post - Sept. 1, 2010

This Story Afghan bank takeover Photos \| Despite media reports of corruption at Kabul Bank, Afghan officials insist that it is not in danger of collapse. Nervous Afghans pull money from Kabul Bank, raising fears Afghan Ambassador Said T. Jawad leaving his post in Washington Central Bank's intervention Afghan authorities take over biggest bank to avoid meltdown In Central Asia, a new headache for U.S. policy Five U.S. troops killed in Afghanistan An Afghan exodus, of bank notes In Afghanistan, signs of crony capitalism Checkpoint Washington: Afghan ambassador to U.S. ordered to leave post NATO: Afghanistan attacks kill five U.S. troops This Story Afghan authorities take over largest bank to avoid meltdown Article \| Afghanistan's Central Bank has taken control of the country's biggest and most politically potent private bank in an effort to shore up a key pillar of the Afghan economy and also of the battle against the Taliban. Central Bank's intervention		Network News X Profile View More Activity TOOLBOX E-Mail This Reprints		More on washingtonpost.com • More World News » washingtonpost.com
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