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| Afghanistan |
| Ghani Cancels Controversial Project With Kabul Bank Criminal |
| 2015-11-08 |
| [Tolo News] After mounting criticism of government over a controversial housing scheme project, President Ashraf Ghani ...former chancellor of Kabul University, now president of Afghanistan. Before returning to Afghanistan in 2002 he was a scholar of political science and anthropology. He worked at the World Bank working on international development assistance. As Finance Minister of Afghanistan between July 2002 and December 2004, he led Afghanistan's attempted economic recovery until the Karzais stole all the money. .. on Saturday issued a decree invalidating the contract recently signed with a bankrupt debtor of Kabul ...the capital of Afghanistan. Home to continuous fighting from 1992 to 1996 between the forces of would-be strongman and Pak ISI/Jamaat-e-Islami sock puppet Gulbuddin Hekmayar and the Northern Alliance, a period which won Hek the title Most Evil Man in the Worldand didn't do much for the reputations of the Northern Alliance guys either.... Bank. Khalilullah Frozi -- one of the main factors behind the embezzlement of Kabul Bank's over $900 million USD -- was freed from prison on Wednesday to inaugurate the "Smart City Township" project he signed with the Ministry of Urban Development. At the inaugural ceremony of the project worth $900 million USD, the government officials said the program was aimed at helping the debtors to become able to repay their obligations. However after serious pressures on the government, Ghani eventually decreed the cancelation of the contract. Based on a statement from presidential palace, Ghani has also ordered a thorough investigation of the contract signed with Frozi -- who was sentenced to 10 years in jail in a court verdict last November. Ghani has also upheld the court decisions against the debtors of Kabul Bank, it added. This comes after the launch of project led to mounting criticism of government. |
| Posted by:Fred |