The Bank that loves to Give - No Paperwork Required

Discussion in 'Finance, Property, Law' started by DesktopCommando, May 29, 2011.

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  1. - No paperwork on near $500 million of Kabulbank loans

    KABUL, May 29 (Reuters) - A failed Afghan bank doled out nearly half a billion dollars in unsecured, undocumented loans to a roster of Kabul's elite, including sitting cabinet ministers and a powerful former warlord, anti-corruption officials said on Sunday.

    Azizullah Luddin, chairman of the High Office of Oversight and Anti-corruption, also said that records suggested the government would only be able to get back around two thirds of Kabulbank's $925 million in outstanding loans.
  2. They'll recover it all don't worry.

    There will be no end of mugs in government falling over themselves to bail the bank out.
  3. The IMF, aid donors and the Afghan people seems to disagree with you frog...

    BBC News - Afghan row with IMF over failed bank threatens salaries