Fitrat pens book on 2010 Kabul Bank scandal

2018-04-09 09:38:59

(MENAFN- Pajhwok Afghan News) KABUL (Pajhwok): A former central bank governor has penned a comprehensive book on the 2010 Kabul Bank scandal that sparked concerns about Afghanistan€™s economic collapse.

The bank lost about $1 billion, mostly deposited by international donors.The bank's founder, Sher Khan Farnood, and then CEO Khalilullah Ferozi were jailed after being convicted of fraud.

Abdul Qadeer Fitrat, also an ex-consultant with the International Monetary Fund, gas written the book titled The Tragedy of Kabul Bank.

Bought out by New York City-based Page Publishing, the book is a profound exposÃ© on Afghanistan€™s massive economic loss due to corruption.

It also sheds light on the lack of spine within the justice system that failed to prosecute the perpetrators of the massive fraud.

Fitrat unveils the convoluted world of business and politics, driven by greed for wealth and power,and writes about his security problems after the scandalous events.

Billed as a thought-provoking exposition, The Tragedy of Kabul Bank is available online at the Apple iTunes store, Amazon, Google Play, or Barnes and Noble.

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