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Afghanistan arrests two former officials over bank fraud scandal

Thursday 30 June 2011

(Reuters) – Two former executives from Afghanistan’s biggest bank have been arrested over massive fraud that led to the bank’s collapse, prosecutors said on Thursday, with the fallout from the scandal putting at risk tens of millions of dollars in aid.

Former Kabulbank chairman Sher Khan Farnood and former chief executive officer Khalilullah Fruzi were arrested on embezzlement charges, Deputy Attorney General Rahmatullah Nazari told Reuters.

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