The Tragedy of Kabul Bank
(eBook)

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Format
eBook
Status
Available Online

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Published
Page Publishing, Inc., 2022.
Language
English
ISBN
9781640273689

Citations

APA Citation, 7th Edition (style guide)

Abdul Qadeer Fitrat., & Abdul Qadeer Fitrat|AUTHOR. (2022). The Tragedy of Kabul Bank . Page Publishing, Inc..

Chicago / Turabian - Author Date Citation, 17th Edition (style guide)

Abdul Qadeer Fitrat and Abdul Qadeer Fitrat|AUTHOR. 2022. The Tragedy of Kabul Bank. Page Publishing, Inc.

Chicago / Turabian - Humanities (Notes and Bibliography) Citation, 17th Edition (style guide)

Abdul Qadeer Fitrat and Abdul Qadeer Fitrat|AUTHOR. The Tragedy of Kabul Bank Page Publishing, Inc, 2022.

MLA Citation, 9th Edition (style guide)

Abdul Qadeer Fitrat, and Abdul Qadeer Fitrat|AUTHOR. The Tragedy of Kabul Bank Page Publishing, Inc., 2022.

Note! Citations contain only title, author, edition, publisher, and year published. Citations should be used as a guideline and should be double checked for accuracy. Citation formats are based on standards as of August 2021.

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Grouping Information

Grouped Work ID13f136e6-6133-062f-30c0-95aeb0bb34dd-eng
Full titletragedy of kabul bank
Authorfitrat abdul qadeer
Grouping Categorybook
Last Update2024-05-15 02:00:43AM
Last Indexed2024-06-08 02:23:12AM

Book Cover Information

Image Sourcehoopla
First LoadedJun 6, 2024
Last UsedJun 6, 2024

Hoopla Extract Information

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    [synopsis] => The Tragedy of Kabul Bank is the story of a massive fraud, deception and betrayal by a group of crony capitalists aided and abetted by the then highest political authorities of Afghanistan. It is an expose of rampant greed and excessive risk taking that shocked the world and caused enormous damage to Afghanistan's economy and image. The Tragedy of Kabul Bank is a narrative of a notorious case of corruption in post-Taliban Afghanistan, recipient of the largest foreign aid since European reconstruction. The Tragedy of Kabul Bank is a minute by minute account of multiple crises occurring at the same time and in quick succession and the panic that precipitated the largest bank run the country had ever seen. It is also an astonishing story of sacrifice and bravery by staff of the Central Bank who faithfully investigated members of the most powerful mafia in order to track and recover the stolen funds, but fell prey themselves. As the then Governor of the Central Bank, Fitrat struggled hard against impossible odds, but failed to bring the perpetrators to justice. Faced with imminent threats to his safety, he fled to the United States in June 2011. He and his innocent colleagues at the Central Bank became the subject of persecution by the ruling cliques experiencing enormous pain and suffering that has continued to this day. The alleged perpetrators who stole nearly one billion dollars of depositors' money and caused the bank's downfall largely escaped justice. Many of them including relatives of political elites were not even in the prosecution list and received no verdict. The most shocking episode came when President Karzai invited the alleged perpetrators for a luncheon in the Presidential Palace and instead of sending them to prison assured them of his unwavering support. The failure to prosecute the perpetrators became a major source of discontent for the international donor community and the Afghan people alike.
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