How a $1 Billion Bank Payroll Became Afghanistan's Biggest Theft
Afghanistan's first private bank was built to pay soldiers, but auditors found $1 billion flowed out in fraudulent loans and insider enrichment.
How a $1 Billion Bank Payroll Became Afghanistan's Biggest Theft
This episode explores the story of Kabul Bank, established in 2004 to address the urgent need for a national banking infrastructure in post-Taliban Afghanistan. It delves into how a bank designed to pay the country's security forces became the center of a massive financial fraud.
Person: Sherkhan Farnood
Date: 2004
Location: Afghanistan
Amount: $1 Billion
Status: Ponzi scheme from…
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