KABUL, Afghanistan (AP) — Afghanistan is trying again to privatize a major bank whose near-collapse rocked the country's fragile economy and served as an example of the country's rampant corruption.
Kabul Bank's 2010 demise and subsequent bailout represented more than 5 percent of Afghanistan's gross domestic product.
An International Monetary Fund report said the bank was run like a Ponzi scheme. Some $861 million in fraudulent loans disappeared into the pockets of associates of bank executives.
Regulators seized the bank, splitting it into bad and good parts and naming the good part New Kabul Bank.
The Ministry of Finance said Tuesday it was re-advertising New Kabul Bank for privatization.
Ministry media adviser Najib Manalai says a privatization attempt last year failed to draw acceptable bids.
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A tractor trailer veered off the road and went through a fence, while crashing into the Forest Hill Cemetery, in Fredonia, Friday morning.
Officials in Wyoming have captured a wanted man and his girlfriend, who were allegedly heading to Buffalo.
After a slow and slippery commute Thursday night, many western New Yorkers are waking up early, hoping they can get to work on time Friday morning.
NYS Attorney General Eric Schneiderman has obtained a court order to prevent a Buffalo woman from ever selling puppies again.
Around 5 p.m. on Thursday near the corner of Model City Road and Rt. 104, police say 84-year-old Jose Martinez was hit by a car driven by 82-year-old Maura Nolan. Both are residents of Lewiston.
Continued cold temperatures as the lake effect winds down late today, more snow on the way this weekend.