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Article posted: 11/28/2012 9:05 AM

Review: Kabul Bank sent millions of dollars abroad

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Books containing the reports on Kabul Bank crisis are seen piled up to be distributed to media members during the release of the report in Kabul, Afghanistan, Wednesday, Nov. 28, 2012. The bank's failure and subsequent bailout represents more than 5 percent of Afghanistan's gross domestic product, making it "one of the largest banking failures in the world," according to the report by the Independent Joint Anti-Corruption Monitoring and Evaluation Committee. The report said "hundreds of millions" were sent out of the impoverished nation where Afghan, U.S. and NATO forces are fighting an 11-year-old war with the Taliban and other militants.

Associated Press

Drago Kos, chairman of the Independent Joint Anti-Corruption Monitoring and Evaluation Committee speaks on the Kabul Bank crisis in Kabul, Afghanistan, Wednesday, Nov. 28, 2012. Hundreds of millions of dollars from Kabul Bank were spirited out of Afghanistan — some smuggled in airline food trays — to bank accounts in more than two dozen countries, according to an independent review released on Wednesday about massive fraud that led to the collapse of the nation's largest financial institution.

Associated Press

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Hundreds of millions of dollars from Kabul Bank were spirited out of Afghanistan — some smuggled in airline food trays — to bank accounts in more than two dozen countries, according to an independent review released on Wednesday about massive fraud that led to the collapse of the nation's largest financial institution.
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    • Books containing the reports on Kabul Bank crisis are seen piled up to be distributed to media members during the release of the report in Kabul, Afghanistan, Wednesday, Nov. 28, 2012. The bank’s failure and subsequent bailout represents more than 5 percent of Afghanistan’s gross domestic product, making it “one of the largest banking failures in the world,” according to the report by the Independent Joint Anti-Corruption Monitoring and Evaluation Committee. The report said “hundreds of millions” were sent out of the impoverished nation where Afghan, U.S. and NATO forces are fighting an 11-year-old war with the Taliban and other militants.
    • Drago Kos, chairman of the Independent Joint Anti-Corruption Monitoring and Evaluation Committee speaks on the Kabul Bank crisis in Kabul, Afghanistan, Wednesday, Nov. 28, 2012. Hundreds of millions of dollars from Kabul Bank were spirited out of Afghanistan — some smuggled in airline food trays — to bank accounts in more than two dozen countries, according to an independent review released on Wednesday about massive fraud that led to the collapse of the nation’s largest financial institution.
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