Sher Khan Fernod

Bank scandal inquiry reopened by Afghan President

Ashraf Ghani, Afghanistan's new president has re-opened an inquiry about the theft of almost $1bn from the Kabul Bank, which had cause much turmoil and is said to be one of the largest banking failures in the word. Thereby he fulfils his campaign promise to fighting corruption as a priority and to combatting corruption comprehensively.
The bank's founder Sher Khan Fernod and the former chief executive, Haji Khalil Ferozi, were jailed for five years for taking $810m of the $935m.

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