Owners Of Kabul Bank Send Huge Amount Of Money Out Of War-Torn Afghanistan Illegally

In this Sept. 1, 2010, file photo, Afghan soldiers chat in front of the main office of Kabul Bank in Kabul, Afghanistan. A new report offers previously undisclosed details about how the owners of Kabul Bank and their friends and relatives got rich off $861million in fraudulent loans _ a Ponzi scheme using customer deposits that operated under nascent banking oversight in the war-torn country.

Books containing the reports on Kabul Bank crisis are seen piled up to be distributed to media members during the release of the report in Kabul, Afghanistan, Wednesday, Nov. 28, 2012. The bank’s failure and subsequent bailout represents more than 5 percent of Afghanistan’s gross domestic product, making it “one of the largest banking failures in the world,” according to the report by the Independent Joint Anti-Corruption Monitoring and Evaluation Committee. The report said “hundreds of millions” were sent out of the impoverished nation where Afghan, U.S. and NATO forces are fighting an 11-year-old war with the Taliban and other militants. <AP Photo/Musadeq Sadeq, File>

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