Wednesday, June 29, 2011

Afghan central bank chief flees

Central Bank chief Abdul Qadir Fitrat, file pic 2010Mr Fitrat has left Afghanistan for the US
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The governor of Afghanistan's central bank, Abdul Qadeer Fitrat, has resigned, saying he feels his life is in danger after investigating fraud.

He said the government had interfered in his efforts to pursue those responsible for massive corruption at the privately-owned Kabul Bank.

Waheed Omar, a spokesman for President Hamid Karzai, said Mr Fitrat's resignation amounted to treason.

He added that Mr Fitrat was himself under investigation.

The embezzlement at Kabul Bank almost lead to its collapse last year.

Investigators say that the bank - bailed out in September - made hundreds of millions of dollars of inappropriate loans.

President Karzai has previously pledged to fully investigate those involved in the crisis.

'High profile figures'

Mr Fitrat - who has left Afghanistan - said he had expected the probe would "help bring a closure" to the Kabul Bank incident, but instead it had "brought more danger and it brought more conspiracy against me and against my life".

"My life was completely in danger and this was particularly true after I spoke to the parliament and exposed some people who are responsible for the crisis of Kabul Bank," he said, speaking from the United States.

Two months ago, Mr Fitrat publicly named in parliament high-profile figures who were allegedly involved.

Some of President Karzai's relatives, including his brother, Mahmoud Karzai, are among those named in connection with the scandal.

In May, a report by Afghanistan's anti-corruption office showed about $467m (about £290m) of outstanding loans were made without appropriate documentation or collateral.

President Karzai has said that Afghanistan lacks the necessary banking experience to oversee the institution and has blamed foreign advisers.

He has also pledged to ensure that those responsible are subject to criminal investigations.

Mr Fitrat said he had permanent residence status in the US and that he would not be returning to Afghanistan.

This article is from the BBC News website. ? British Broadcasting Corporation, The BBC is not responsible for the content of external internet sites.

Source: http://www.bbc.co.uk/go/rss/int/news/-/news/world-south-asia-13935876

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