Wednesday, March 15, 2017

Our Man in Havana

"During the 1980s and 1990s, he ran a hawala, or an informal money transfer organization in Moscow"

A former shareholder of Kabul Bank and the head of Dawi Oil Abdul Ghafar Dawi has been arrested in capital Kabul.
According to reports, Dawi has been arrested on warrants of the Afghan Judicial Center.
Reports also indicate that Mr. Dawi was put on Exit Control List after he was summoned by the Afghanistan Attorney General’s Office.
Mr. Dawi has reportedly been arrested on charges of embezzlement of millions of Dollars in fuel and oil contracts.
Kabul Bank was seized by the government in 2010 after the exposure of a staggering $900 million fraud, which led the International Monetary Fund to temporarily halt its hundreds of millions of dollars of loans to the country.
Kabul Bank was one of Afghanistan’s largest private financial institutions founded in 2004 by Sherkhan Farnood, who was an international prominent poker player. Khalilullah Ferozi, the former chief executive of the bank, was another key staff. - 
Ex-Kabul Bank shareholder Abdul Ghafar Dawi arrested in Kabul

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Sherkhan Farnood was the Chairman of Kabul Bank until late 2010, which is Afghanistan's largest private financial institution with over 1 million customers. Farnood holds 28.16% of the shares in the Kabul Bank. He also owns Pamir Airways, in partnership with Khalilullah Fruzi/Frozi, Mohammed Fahim and possibly others. According to media reports, by November 2010 Da Afghanistan Bank insisted both Farnood and Kabul Bank chief executive Frozi had been removed from bank management;. As of early 2011 both are effectively under house arrest and cannot leave the country. An ethnic Uzbek, Farnood is originally from the northern Kunduz Province of Afghanistan. He received education and a start in business in Moscow, Russia. During the 1980s and 1990s, he ran a hawala, or an informal money transfer organization in Moscow. The hawala was reportedly used by heroin and opium smugglers to transfer money to Tajikistan and Afghanistan. Farnood became a prominent poker player, he took part in the 2008 World Series of Poker Europe (WSOPE). Prior to his detention, he spent most of his time in Dubai, United Arab Emirates, where he owns a number of villas under his name on Palm Jumeirah.

Wednesday, February 15, 2017


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