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Elite fighting the Elite – Afghan officials resist clean-up of Kabul Bank as scandal engulfs elite

Afghan officials resist clean-up of Kabul Bank as scandal engulfs elite

Officials in Afghanistan are resisting US pressure for a wide-ranging clean-up of Kabul Bank, which is mired in allegations of corruption that have engulfed some of the wealthiest and most powerful people in the country.

The stand-off came as the bank’s third-biggest shareholder, Mahmoud Karzai – the elder brother of President Hamid Karzai – called for a US bailout of the stricken bank.

The central bank on Tuesday ordered that the chairman and chief executive of Kabul Bank, who are both large shareholders in the bank, should step down from their positions and a government official be appointed to manage the bank.

http://www.guardian.co.uk/world/2010/sep/03/afghanistan-kabul-bank-clean-up

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