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Afghan bank takeover

Despite media reports of corruption at Kabul Bank, Afghan officials insist that it is not in danger of collapse.

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Afghan bank takeover
Photos | Despite media reports of corruption at Kabul Bank, Afghan officials insist that it is not in danger of collapse.
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U.S. and Afghans at odds over Kabul Bank reform
Article | KABUL - The United States and Afghan President Hamid Karzai are at odds over a proposed investigation into Kabul Bank and how to clean up the tottering but politically connected financial institution, according to U.S. and Afghan officials.
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Karzai calls aide's arrest reminiscent of Soviet times
Article | KABUL - Afghan President Hamid Karzai spoke out angrily Thursday against the arrest of one of his closest aides this summer on corruption charges, saying that the detention was conducted in a manner "exactly reminiscent of the Soviet presence in Afghanistan" and that the investigation was illega...
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Karzai urges Afghans not to panic as bank withdrawals accelerate
Article | DUBAI, UNITED ARAB EMIRATES - As depositors thronged branches of Afghanistan's biggest bank, President Hamid Karzai told Afghans on Thursday not to panic shortly after his brother, a major shareholder in the beleaguered Kabul Bank, called for intervention by the United States to head off a finan...
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Karzai's brother might be indicted for evading U.S. taxes
Article | In a move that could further strain Washington's already fraught relations with Afghan President Hamid Karzai, federal prosecutors are considering an indictment against his brother for tax evasion, according to a U.S. official and a source familiar with the investigation.

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