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Mehwar

MEHWAR: Kabul Bank Founder Dies In Prison

The Ministry of Defense on Friday confirmed that Sherkhan Farnood, former chairman of the old Kabul Bank, has died in prison at the age of 57.

He was serving his sentence at  Bagram Prison after being found guilty in the $900 million Kabul Bank embezzlement scandal in 2014.

Kabul Bank, once the country's largest financial institution, collapsed in 2010 in one of the largest banking scandals in the country's history.

The former chairman of Kabul Bank, Sherkhan Farnood, and CEO Khalilullah Frozi were sacked from their positions and arrested over the embezzlement of more than $900 million in cash and assets.

Frozi and Farnood were sentenced each to 15 years in jail after they were found guilty in the collapse of Kabul Bank, now run by government.

In this episode of Mehwar, host Zarmina Mohammadi discusses the topic with Assadullah Walwaji, a political affairs analyst.

Mehwar

MEHWAR: Kabul Bank Founder Dies In Prison

The Ministry of Defense on Friday confirmed that Sherkhan Farnood, former chairman of the old Kabul Bank, has died in prison at the age of 57.

He was serving his sentence at  Bagram Prison after being found guilty in the $900 million Kabul Bank embezzlement scandal in 2014.

Kabul Bank, once the country's largest financial institution, collapsed in 2010 in one of the largest banking scandals in the country's history.

The former chairman of Kabul Bank, Sherkhan Farnood, and CEO Khalilullah Frozi were sacked from their positions and arrested over the embezzlement of more than $900 million in cash and assets.

Frozi and Farnood were sentenced each to 15 years in jail after they were found guilty in the collapse of Kabul Bank, now run by government.

In this episode of Mehwar, host Zarmina Mohammadi discusses the topic with Assadullah Walwaji, a political affairs analyst.

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