Report Shows Kabul Bank Fraud as Prosecution Starts

On November 28, 2012, the findings of a forensic report, commissioned by the Independent Joint Anti-Corruption Monitoring and Evaluation Committee and prepared by Kroll, reveals that the Kabul Bank’s failure and subsequent bailout represents approximately 5-6 percent of Afghanistan’s gross domestic product and constituted one of the largest banking failures in the world.[1]  Meanwhile, during the second week of November 2012, the criminal trial of close to two dozen persons, including the bank’s former chairman and former chief executive, has begun and is capturing a lot of attention inside Afghanistan.[2]