Key Players In Afghanistan's Largest Banking Scandal Sentenced To Prison -- Washington Post
KABUL — The two men accused of orchestrating Afghanistan’s largest banking scandal were sentenced to five-year prison terms Tuesday, more than two years after stealing a total of nearly a billion dollars from Kabul Bank, about 5 percent of the country’s GDP.
In 2010, the scandal threatened to destabilize Afghanistan’s fragile economy. Its adjudication has since been considered by many as a litmus test for both the feeble Afghan judiciary and the government’s efforts to reduce rampant corruption.
The bank's former chairman, Sherkhan Farnood, and former chief executive officer, Khalilullah Ferozi, were found guilty of stealing $278 million and $530 million, respectively, and ordered to pay back that money. Nineteen other men were also found guilty of fraud; 18 were sentenced to short jail sentences.
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