Sunday, February 6, 2011

Kabul Bank - A Story of Afghan Corruption at the Highest Level

The level of corruption in Afghanistan is astounding.  A recent article explores the corruption of the Kabul Bank - a financial institution that controls much of the money sent to Afghanistan in the form of aid.  Money was diverted to Karzai's election campaign, bribes to government and Parliament members, and to support the lavish life style of senior Afghan officials in Dubai.  There is reportedly over 900 million dollars missing in loans to fictitious corporations.

Read a discouraging article about corruption in the Kabul Bank and the Afghan government in "The Afghan Bank Heist", The New Yorker, February 14, 2011.

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