KABUL(SW):Officials at the Attorney General Office (AGO) has informed that $ 201 million has been recovered from Kabul Bank’s indebtors.
Basir Azizi, AGO spokesman, told a press conference Saturday that they have also recovered $ 47 million by registering the properties of Kabul Bank’s shareholders.
Kabul Bank was bankrupted during former president Hamid Karzai’s government when its shareholders transferred the money abroad which cost it loss of some $ 900 million.
Following taking the office, President Mohammad Ashraf Ghani issued a decree to immediately reopen Kabul Bank’s case.
As the case reopened, Shir Khan Farnood and Khalilullah Ferozi, the two top shareholders and a number of others were obliged to pay the money back.
The AGO spokesman added that they have signed a letter of understanding with the indebtors based on which $ 159 million would be paid in installments.
He further said that those indebtors who have escaped to foreign countries would be extradited to the country with the help of Interpol Police and Ministry of Foreign Affairs.
Earlier, Abdul Ali Mohammadi, legal advisor to the President, said at the inauguration of Smart Township project that the government decided to set free the indebtors from prison so that they could facilitate for them to pay the indebts.
Basir Azizi said that Ferozi was sentenced to prison based on the verdict issued by Supreme Court and he had to serve his imprisonment.
Khalilullah Ferozi, one of the culprits in Kabul Bank scandal, was also at the inauguration and was released from the prison to invest in the project but the President after a while canceled the project through a decree.
Sayed Zafar Hashemi, Deputy Spokesman for the President said that the President would soon share the result of their investigation on who facilitated the condition for such contract.
ENDS
