October 22, 2014
KABUL, Afghanistan (AP) - A new independent review of the Kabul Bank scandal says hundreds of millions of dollars from the bank were spirited out of Afghanistan - some smuggled in airline food trays.
The report, offering new details about the collapse of Afghanistan's largest bank, says the money ended up in accounts in more than two dozen countries.
The report released on Wednesday outlines how shareholders of Kabul Bank and their friends and relatives got rich off more than $861 million in fraudulent loans - a so-called Ponzi scheme that used customer deposits and operated under nascent banking oversight.
The report claims there was poor oversight by Afghan bank regulators and political interference in the criminal investigation - an allegation the attorney general's office has rejected.
Copyright 2014 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Viewers with disabilities can get assistance accessing this station's FCC Public Inspection File by contacting the station with the information listed below. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, 888-835-5322 (TTY), or email@example.com.