President Ghani Chairs Kabul Bank Clearance Committee Meeting

President Ghani Chairs Kabul Bank Clearance Committee Meeting

President Mohammad Ashraf Ghani chaired the Kabul Bank Clearance Committee Meeting in ARG today. In the meeting, members of the Kabul Bank Clearance Committee presented their quarterly report to the President.

The committee, formed three months ago under a presidential decree, was tasked to expedite inquiry into the case of Kabul Bank based on a specific procedure. Today, they presented the result of their three-month work to the President.

According to the working report of the committee, USD 228 millions have been recovered and thirty of the debtors have cleared their debts with ten showing willingness to do so.  A number of debtors remain on the run and are on the wanted list of the Interpol.

Members of the Kabul Bank Clearance Committee stressed that according to the decision by a court in the United Arab Emirates concerning the case of Kabul Bank, all existing properties of the debtors will be returned to the government of Afghanistan.

Listening to the quarterly report of the committee, President Mohammad Ashraf Ghani expressed his pleasure at the progress of the committee’s work.  The President set a one-week deadline for those who have not paid their debts in the past three months to clear their accounts.

The President reiterated that in case the debtors fail to clear their accounts within the deadline, they would be banned from leaving the country and referred to the Office of the Attorney General for prosecution.