Senior Officials of Collapsed Afghan Bank Jailed

November 11, 2014 12:29 PM

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Two senior officials of an Afghan bank that collapsed beneath almost $1 billion in debt were sentenced in a Kabul court on Tuesday to 15 years prison each for embezzlement and fraud.

The scandal in 2010 shook confidence in Afghanistan's tiny banking sector, and the loss accounted for around 5 percent of the country's economy, making it the biggest banking collapse in history.

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