Sixteen men given jail time in Afghan bank scandal

published Tue, Mar 05 2013 06:53 GMT
KABUL (Reuters) - An Afghan court handed down jail time on Tuesday to 16 of 22 men accused of involvement in a multi-million dollar bank fraud in sentences that will likely be seen as an affirmation of Afghanistan's commitment to fighting corruption. The collapse of Kabulbank in 2010 triggered a financial crisis, civil disorder and a run on deposits, worrying foreign donors and embarrassing the U.S. and Afghan governments, which had touted its credentials as a modern lender integral to developing a tiny economy crippled by war and mismanagement. ...

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