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“Kabul Bank’s Sherkhan Farnood feeds crony capitalism” in Afghanistan

February 22nd, 2010 | Posted in Finance | Author: Editor

“Afghanistan’s biggest private bank — founded by the Islamic nation’s only world-class poker player — celebrated its fifth year in business last summer with a lottery for depositors at Paris Palace, a Kabul wedding hall.  Prizes awarded by Kabul Bank included nine apartments in the Afghan capital and cash gifts totaling more than $1 million. The bank trumpeted the event as the biggest prize drawing of its kind in Central Asia”

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