New Afghan president re-opens inquiry into Kabul Bank scandal


  • World
  • Wednesday, 01 Oct 2014

KABUL (Reuters) - Afghanistan's new president on Wednesday re-opened an inquiry into a 2010 bank scandal involving a Ponzi scheme that collapsed triggering a financial crisis and dealing a heavy blow to confidence in the banking sector.

President Ashraf Ghani re-opened an inquiry into the theft of almost $1 billion (617.40 million pounds) from Kabul Bank with a decree, fulfilling a campaign promise to make fighting corruption a priority.

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