Nearly $250 million is owing to Kabul Bank as shareholders have not paid their debts, Afghanistan's central bank chief told the country's Parliament Wednesday.
Head of Afghanistan's central bank Da Afghanistan Bank Noorullah Delawari told Afghan MPs that the offending shareholders have had their properties in Dubai and Kabul "identified".
"Shir Khan Farnood, Abdul Ghafar Dawi, owner of Gulbahar Center [Gulbahar Habibi], and Taher Zaher have not yet paid their debts to Kabul Bank," he said.
Properties they own in Dubai and Kabul, valued up to $250 million, has been identified, he added.
Paktia's MP Sayed Ishaaq Gilani listed more shareholders who had debts owing.
"Those shareholders who have not paid their debts yet are Mahmoud Karzai, Hassin Fahim, Haji Taher, Behzad, Hewadwal, Haji Khalil, Kabul Oil Company, Payenda Mohammad, Naseeb Food, Nesar Ahmad, Taher Limited and Pamir Online."
Some other MPs criticized the management of Kabul Bank saying that since the government took control of Kabul Bank it lacked proper management and misused resources.
One MP suggested funds had been stolen from the bank, but did not give any details.
"Since the government took control of the bank, its employees are not working properly. $20,000 has been stolen from the bank recently," Nangarhar MP Sayed Akram said.
A delegation comprised of representatives from the Ministries of finance and justice went to Dubai recently to identify the properties of Kabul Bank's shareholders.
It was revealed early April that the Afghan government plans to sell the bank and it set a two-month deadline for the full repayment of the loans illegally received.
The government seized control of what was Afghanistan's biggest commercial bank in 2010 from the owners after it lost more than $800 million of depositors' money through illegal insider loans.
Kabul Bank's share issue was point of contention between Afghan Parliament and the Ministry of Finance on the approval of 1391's fiscal budget.
LONDON: British police made two further arrests Thursday and raided houses across London following the brutal murder of...
BAGHDAD: Two bombings near a Sunni mosque north of Baghdad and at one at funeral in south killed at least 46 people and...
LONDON: British High Commissioner (HC), Adam Thomson has said that UK police have received countless complaints against...
BANGALORE: Adam Gilchrist’s unbeaten 85 off 54 balls, helped by Azhar Mahmood's 61 off 41, stunned Royal Challengers Ba...
KARACHI: More than 154,000 staff will perform election duty at 14,980 polling stations across Sindh province, media repo...
HANGU: A curfew was imposed in Hangu district after an explosion targeting a Jamiat Ulema-i-Islam-Fazl (JUI-F) candidate...
Bangladesh take lead to 272 runs by stumps on Day 3HARARE: Bangladesh bowled Zimbabwe out for 282 and built a 272-run le...
MONTE CARLO, Monaco, April 18, 2013 (AFP) - Roger Federer will return to second in the ATP standings next week after And...
LAHORE: Pakistan Muslim League-Nawaz (PML-N) chief Nawaz Sharif has said that all the political parties should be provid...
BOSTON, Massachusetts: Boston police said Monday that what was initially thought to have been a third explosion in the c...
ISLAMABAD: The Interior Ministry has decided to tighten security of Election Commission offices and political leaders. A...
ISLAMABAD: The Election Commission of Pakistan (ECP) has changed the tribunal for hearing the appeals against Pakistan M...
KARACHI: Sindh Governor Dr. Ishratul Ebad Khan has announced Rs2 million cash reward for the CID personnel over successf...
HUB: Two persons’ bodies were found at Kharan on Saturday morning here, media reported. Awaran S.P. Muhammad Rafiq Lasi ...
Embassy takes serious notice of Pakistanis complaints Islamabad: The Head of Mission of Embassy of Libya in Islamabad h...
JAIPUR: Kolkata Knight Riders won the toss and elected to field against Rajasthan Royals in their IPL clash at the Sawai...
HONG KONG: From foie gras noodles and liquid olives to air baguettes and mimetic peanuts, much of what elBulli chef Ferr...
GUJRANWALA: At least two persons were killed and four others sustained injuries as unknown armed people opened fire on p...
TOKYO: The dollar firmed against the yen and euro in Asia Wednesday, boosted by solid US economic data and a bleak outlo...
SEOUL In the middle of an escalating military crisis on the Korean peninsula, North Korea's appointment this week of an ...
Obama Must be Taken Before ICC for the War on Terror' - Noam Chomsky
"RT" - The US war on terror is in fact the most massive terror campaig...
India To Train and Equip Afghan National Security Forces
President Karzai on his visit to India was assured by the Indian Pres...
More Nations to Announce Post-2014 Afghanistan Presence
After the recent announcements by Germany and Sweden to retain limited...
Feature: Not even Taliban could stop the love for books in Afghanistan
KABUL: "I have been running this book store since the 1960s and kept i...
Which Is More Corrupt: Afghanistan or America?
Karzai cash payments highlight a growing friction as Afghans blame NAT...
Coalition Plays Down Afghan Reports of Major Battle in Helmand
Kabul, Afghanistan: The Taliban attacked Afghan police posts in a vio...
Taliban Raid Tests Coalition's Afghan Gains
KABUL: A large number of Taliban insurgents, aided by foreign fighters...
Women rights at stake in Afghanistan
KABUL: Some 200 students of Kabul University came to streets on Wedne...
