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Weekly Roundup: Kabul Bank Allegations Fly, EU Blacklists Ivorian Bank, and More
printNews about Afghanistan's banking troubles isn't getting any rosier. Following a slew of recent stories on corruption at Kabul Bank, Afghan Finance Minister Omar Zakhilwal said Wednesday that he welcomes an investigation into whether he took payoffs from the financial institution, The Wall Street Journal reported. Afghan and U.S. investigators believe that the bank made $1 billion in favorable loans to bank employees and political allies in exchange for tens of millions of dollars in bribes and other compensation to Afghan officials, the newspaper said. More A day after preliminary results of a Jan. 9 vote approving the secession of...
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