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AGO Begins Assessing Complaints Of Forex Traders

The Attorney General’s Office (AGO) has started assessing the complaints of forex traders who claim they have lost millions of dollars in the business as it was “misused” by some certain firms and individuals in Afghanistan.

The AGO spokesman Jamshid Rasuli said that Bashir Gulzada, who is accused of “misusing” the forex business in Afghanistan, has been summoned to the authority and has given warrantee to the judicial institution.

“The head of the [Albashir] company has been summoned by the Attorney General’s Office and guarantee has been taken from him. A committee has been assigned to run a thorough investigation into the case. Those who have complaints can bring their documents to the Attorney General’s Office,” Rasuli said.

This comes days after they staged a protest in front of Albashir Exchange & MSP, a local forex trading firm in Kabul, to ask for the return of the financial assets they have invested in the forex trading market with the help of the Afghan company.

They claimed that forex trading businesses have been given license by the state-owned Central Bank.

Statistics by Kabul-based Money Exchangers Union indicate that the foreign exchange, or forex, trading has inflicted "hundreds of millions of dollars" of loss to Afghans who have invested in the business since it was initially brought to Afghanistan in 2005.

The statistics show that “billions of dollars” have been taken out of Afghanistan under the pretext of forex trading during this period.

Statistics indicate that over 7,000 people have been associated with the business in Kandahar over the past 14 years and most of them suffered heavy financial losses.

Forex traders, who have staged many protests over the past three weeks, called for a proper investigation into the case by the Attorney General’s Office.

“Kandahar residents had 7,000 accounts at [Bashir] Gulzada’s company. The Central Bank is responsible for those who have suffered financial loss in this business,” said Ezatullah, a forex trader from Kandahar.

“Bashir told us that the Central Bank does not have the capacity to manage such activities in Afghanistan and they said that they have an international experience in forex business and are linked with international markets,” said Nabi Hassanzoi, a forex trader from Kabul.

TOLOnews could not get Bashir Gulzada’s comment despite repeated attempts.

Business

AGO Begins Assessing Complaints Of Forex Traders

Forex traders called on the Attorney General’s Office to properly investigate their complaints.

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The Attorney General’s Office (AGO) has started assessing the complaints of forex traders who claim they have lost millions of dollars in the business as it was “misused” by some certain firms and individuals in Afghanistan.

The AGO spokesman Jamshid Rasuli said that Bashir Gulzada, who is accused of “misusing” the forex business in Afghanistan, has been summoned to the authority and has given warrantee to the judicial institution.

“The head of the [Albashir] company has been summoned by the Attorney General’s Office and guarantee has been taken from him. A committee has been assigned to run a thorough investigation into the case. Those who have complaints can bring their documents to the Attorney General’s Office,” Rasuli said.

This comes days after they staged a protest in front of Albashir Exchange & MSP, a local forex trading firm in Kabul, to ask for the return of the financial assets they have invested in the forex trading market with the help of the Afghan company.

They claimed that forex trading businesses have been given license by the state-owned Central Bank.

Statistics by Kabul-based Money Exchangers Union indicate that the foreign exchange, or forex, trading has inflicted "hundreds of millions of dollars" of loss to Afghans who have invested in the business since it was initially brought to Afghanistan in 2005.

The statistics show that “billions of dollars” have been taken out of Afghanistan under the pretext of forex trading during this period.

Statistics indicate that over 7,000 people have been associated with the business in Kandahar over the past 14 years and most of them suffered heavy financial losses.

Forex traders, who have staged many protests over the past three weeks, called for a proper investigation into the case by the Attorney General’s Office.

“Kandahar residents had 7,000 accounts at [Bashir] Gulzada’s company. The Central Bank is responsible for those who have suffered financial loss in this business,” said Ezatullah, a forex trader from Kandahar.

“Bashir told us that the Central Bank does not have the capacity to manage such activities in Afghanistan and they said that they have an international experience in forex business and are linked with international markets,” said Nabi Hassanzoi, a forex trader from Kabul.

TOLOnews could not get Bashir Gulzada’s comment despite repeated attempts.

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