AGO Threatens To Name Kabul Bank Defaulters

The Attorney General’s Office (AGO) threatened on Monday to disclose the names of Kabul Bank defaulters who have failed to repay their loans and refuse to appear in court.

Spokesman for the AGO Abdul Basir Azizi said that more than 60 percent of Kabul Banks debts have however been recovered.

But he said the list of Kabul Bank defaulters is growing every day, as more names are being added to it.

He said the AGO has identified around 370 defaulters to date.

Azizi said that efforts are underway to arrest those who have refused to repay loans and appear in court.

“Individuals who don’t obey court orders or failed to pay their debts on time, based on the laws in Afghanistan, will be investigated, charged and taken to court,” he said.

Meanwhile, the Ministry of Finance said that it has intensified efforts to recover the bank’s money.

Ajmal Hamid Abdul Rahimzai, spokesman for the ministry, said that the government is striving to recover the remaining amount.

He said that the government will ensure that no one will be allowed to embezzle the money.

The total debt amounted to $900 million USD when the bank collapsed in 2010, however, the AGO has said that they have recovered more than 60 percent of the money.

 

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