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Afghan Government Orders All Private Banks To Be Audited


Policemen were dispatched to try and keep order at a branch of Kabul Bank in the midst of September's run on the bank.

Policemen were dispatched to try and keep order at a branch of Kabul Bank in the midst of September's run on the bank.

The Afghan government has announced that all private banks in the country will be audited following a corruption scandal that nearly brought down Kabul Bank, Afghanistan's largest privately owned bank.

Presidential spokesman Waheed Omer announced the move but gave no more details.

Central bank spokesman Emal Ashour refused to comment on the audit order.

The move comes after a massive scandal at the Kabul Bank in early September that led to investigations of former executives over allegations that they had granted themselves huge loans off the books.

However, reports that control of Kabul Bank had been taken over by the central bank have not been confirmed.

compiled from agency reports
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