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Afghans Freeze Kabul Bank Execs' Assets


Ousted Kabul Bank CEO Khalilullah Ferozi and others have reportedly had their assets frozen.

Ousted Kabul Bank CEO Khalilullah Ferozi and others have reportedly had their assets frozen.

Officials say Afghan authorities have banned the sale of properties owned in the Afghan capital by two former top executives of troubled Kabul Bank, the country's largest privately owned bank.

Thousands of depositors have been queuing outside branches of Kabul Bank amid reports that the institution was at risk of collapsing because of dubious loans and risky investments.

The Afghan government and the Central Bank have repeatedly said the bank remains stable.

Central Bank spokesman Aimal Hashoor today said the assets of Kabul Bank's former chairman and its former chief executives, as well as those of several other shareholders and major borrowers, have been frozen "until the situation becomes clear."

compiled from agency reports
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