InfoAnda - Guards beat customers at crisis-hit Afghan bank |

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

China auto sales fall in November | 8 December 2008
Jermaine Jackson: I wish it was me who died | Entertainment | | 3 July 2009
Pakistan June inflation up 12.69 pct yr/yr | 12 July 2010

Cuba to free 2,900 in sweeping amnesty | | 24 December 2011

Forum Views () Forum Replies ()

Read more with google mobile : Guards beat customers at crisis-hit Afghan bank |

Edition: U.S. Article Comments (3) Save Email Print Reprints Most Popular Most Shared Firm can't fire man for 1.8 cent theft 03 Sep 2010 Religious leaders condemn "anti-Muslim" frenzy 12:58am EDT Boeing not ruling out merger with rival 07 Sep 2010 Obama pitches road spending, tax incentives in Ohio 9:23am EDT Koran-burning plan draws worldwide condemnation | Video 10:57am EDT Gold nears record as economy bears circle markets 11:30am EDT UPDATE 2-Sarkozy holds firm as French unions plot next move 9:00am EDT German party mistakenly hands out porn pens to kids 03 Sep 2010 BP blames contractors for oil spill 11:19am EDT Wall Street bounces back, led by energy and materials 11:04am EDT German party mistakenly hands out porn pens to kids 03 Sep 2010 Strange and unusual 26 Aug 2010 Firm can't fire man for 1.8 cent theft 03 Sep 2010 Koran-burning plan draws worldwide condemnation | Video 10:57am EDT Google to start TV service in U.S. this autumn | Video 07 Sep 2010 Images from Hubble 29 Apr 2010 Japan's intervention hints fail to halt yen | Video 6:21am EDT Dollar to maintain its dominance: China minister 12:52am EDT Study finds first genetic link to common migraine 30 Aug 2010 Religious leaders condemn "anti-Muslim" frenzy 12:58am EDT NYSE and AMEX quotes delayed by at least 20 minutes. NASDAQ delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here. Guards beat customers at crisis-hit Afghan bank Tweet This Share on LinkedIn Share on Facebook Related News Analysis: Why can't Afghanistan tackle corruption? 6:13am EDT Analysis & Opinion Afghan customers lose confidence in Kabulbank A drop in Afghanistan’s drug ocean Related Topics World » Afghanistan » Afghan policemen keep order in front of a branch of the graft-hit Kabulbank, as people gather to take out money ahead of a three-day Muslim holiday in Kabul September 8, 2010. Afghan security forces used batons on unruly customers scrambling to withdraw their savings on Wednesday from a branch of Afghanistan's biggest private financial institution, after the company's top two directors quit amid unproven media allegations of corruption. Credit: Reuters/ Omar Sobhani By Tim Gaynor KABUL | Wed Sep 8, 2010 9:52am EDT KABUL (Reuters) - Afghan security forces used batons on unruly customers scrambling to withdraw their savings on Wednesday from a branch of the graft-hit Kabulbank, the country's biggest private financial institution. Kabulbank's troubles have threatened to add a financial crisis to Afghanistan's other woes, with military and civilian casualties at record levels as a Taliban-led insurgency grows and ahead of parliamentary elections on September 18. Officers from the National Security Directorate struggled to maintain control of up to 200 people outside one branch in the capital as desperate customers tried to take out money ahead of a three-day Muslim holiday. The crisis developed after the company's top two directors resigned amid unproven media allegations of corruption. Corruption is a common complaint among ordinary Afghans and Washington fears graft is boosting the insurgency and complicating efforts to strengthen government control so foreign troops can hand over to Afghan security forces -- whose salaries are paid through Kabulbank. The central bank on Monday ordered the assets of Kabulbank's former chairman Sher Khan Farnood and chief executive officer Khalilullah Fruzi to be frozen, together with those of several other shareholders and major borrowers, pending an inquiry. Reuters witnesses saw armed officers of the National Security Directorate beat several people -- including at least one policeman -- among queues of angry customers gathered outside the only bank branch to open on Wednesday. "It's Eid, we need money for food, clothes, candy," said Hameed Iqbal, an airforce member. "They said all the bank branches would be open, they lied. I'm extremely angry." A Kabulbank spokesman said the decision to close all other branches had been taken by the central bank. The Afghan government and the central bank say the ailing Kabulbank has not been taken over, despite a central bank official being appointed as chief executive officer. Afghan President Hamid Karzai's spokesman promised the bank's customers their savings were safe and told them to be calm. "We guarantee their money and the central bank is ready to pay loans to Kabulbank whenever it is needed," Siamak Herawi said. ANGER AT KARZAI Another customer, who identified himself as Rahim, blamed the government for the crisis at the bank. "If they do not listen to us we will break all the windows of Kabulbank, we will loot all the branches and even ... the presidential palace," said Rahim, who said he was a cook in a government office. Widespread perceptions among Afghans that corruption is rife in Karzai's government will be a major issue at a September 18 parliamentary election, which is seen as a litmus test of stability in Afghanistan. Kabulbank's customers include 250,000 state employees. Sayed Hammad, a 38-year-old grocery store owner, said he had heard on television on Tuesday that all Kabulbank branches would be open instead of just the single branch in Kabul. He said he wanted to withdraw $3,000 and close his account. "I used to trust the bank but not anymore," Hammad said. "You put your money in, you don't know if you'll get it out." Last week, U.S. media reported the central bank had taken control of Kabulbank, forcing Farnood and Fruzi to resign and ordering the chairman to hand over $160 million worth of luxury villas that may have been bought with bank funds in Dubai. The Afghan government and the central bank governor have both rejected the allegations, denying that the central bank had stepped in and saying Farnood and Fruzi had stepped aside in line with new financial regulations. (Additional reporting by Jonathon Burch; Editing by Paul Tait and Sugita Katyal) World Afghanistan Comments See All Comments (3) | Post Comment Sep 08, 2010 6:42am EDT Afghanistan’s “democracy” is just as corrupt as USA’s version, which makes sense of course, since it was installed by the USA. mastershakejb Report As Abusive Sep 08, 2010 7:15am EDT It’s time to admit the obvious truth. Our foreign policy, relative to the third world, is an abject failure. The time has come to recognize that propping up petty thieves like Karzai is a monumental waste of time, money and soldiers. No small wonder the entire third world hates us. EVERY third world country that experieces social or political turmoil is a third world country that has natural resources that American corporations want or has some other strategic value. We continue to prop up unpopular petty dictators against the wishes of their own people. And then, we can’t understand why they plant roadside bombs or kill American touristas. And all the while, here at home, we send soldiers to establish order out of the DISorder that we created. As if that weren’t enough, the American taxpayer keeps on paying and paying and paying when the only beneficiaries are the very same American corporations who are responsible for sowing this international discord in the first place. How do they do it? Through their lobbyists. They have bought and paid for our entire government. They influence our foreign policy to the point where we – the American citizen – has no say whatsoever. Once they get ‘OUR’ elected representatives to make foeign policy decisions that are beneficial to them, we end up having to send in the troops. American foreign policy is the reason behobnd 9/11. They didn’t do it because we are a ‘christian’ nation. If YOU were a moslem, what would YOU have done? Bend over? It is the height of immorality Joe200011 Report As Abusive Sep 08, 2010 10:08am EDT The run and subsequent chaos which ensued at Kabulbank is a microcosm of things yet to come for all Afghanistan. finneganG Report As Abusive See All Comments (3) Add a Comment *We welcome comments that advance the story directly or with relevant tangential information. We try to block comments that use offensive language or appear to be spam and review comments frequently to ensure they meet our standards. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. © Copyright 2010 Thomson Reuters Editorial Editions: Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom United States Reuters Contact Us Advertise With Us Help Journalism Handbook Archive Site Index Video Index Reader Feedback Mobile Newsletters RSS Podcasts Widgets Your View Analyst Research Thomson Reuters Copyright Disclaimer Privacy Professional Products Professional Products Support Financial Products About Thomson Reuters Careers Online Products Acquisitions Monthly Buyouts Venture Capital Journal International Financing Review Project Finance International PEhub.com PE Week FindLaw Reuters on Facebook Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

Other News on Wednesday, 8 September 2010
Two US troops gunned down by Iraqi comrade after sports row
U.S. says not considering NATO Afghan troop request |
Car bomb kills 20 in Pakistan after Taliban threat |
Sony to sell Spain TV factory in outsourcing drive
US church vows Koran burning will go on despite concerns
BP to publish oil spill report on Wednesday: company
U.S. team to discuss N.Korea in Seoul, Tokyo, Beijing |
Mozambique scales back price hikes after riots: minister
Barclays picks American banker Diamond as next chief
Iran says it is self-sufficient in gasoline: state TV |
Six months on, little progress in Iraq govt talks
Climate: New study slashes estimate of icecap loss
Twelve Finalists For U.S. State Department ACE Awards
Spain's PM says ETA must lay down arms |
El Salvador President Wants U.S. Assistance to Reduce Illegal Immigration
Study: Short Sleep Linked To Higher Risk of Heart Disease, Diabetes
Nigeria sets presidential poll for Jan 22 |
Red Tide Found In New York Harbor
Former Flight Attendant Works On Plea Deal To Avoid Jail
Sony to sell Spain TV factory in outsourcing drive
Top US commander: Burning Quran endangers troops
Two-Thirds of Travelers Angered By Hidden Airline Fees
Two U.S. soldiers killed, nine wounded in Iraq |
Lennon Murderer Denied Parole Once Again
Car bomb kills 20 in Pakistan after Taliban threat
Brown Out With First TV Ad In California Governor Race
High-seas collisions trigger Japan-China spat
FBI Memo Warns of Extremist Retaliation For Koran Burning
China sent home by in-form Lithuania
CA Walnut Harvest To Top Records In 2010
Japan ruling party kingpin vows to stay on even if indicted
Ten million without shelter in Pakistan floods: UN
Pressure mounts in U.S. against Koran-burning plan
N.Korea returns S.Korea fishing boat, seeks flood aid
Petraeus warns on Koran burning as Muslim world reacts
Cash-strapped Khmer Rouge tribunal appeals for more funds
Veteran Syrian director takes on Muslim "extremism"
Japan beat Guatemala 2-1 in football friendly
China lauds 'friendly' Myanmar as junta leader arrives
HP sues to stop ex-CEO Hurd joining Oracle |
Mozambique scales back bread price hikes
China seeks to avoid shouting matches with U.S
Beatles-inspired bands from world over feeling fab in US
Vanessa Paradis brings "Heartbreaker" act to U.S.
N.Zealand lets in Rocky Horror's Riff Raff: adviser
Venice film recounts trauma of war-scarred U.S. troops
Dollar falls to 15-year low against yen
Actress Jolie says flood-hit Pakistan needs long-term help
Two China banks apply to set up Taiwan rep offices
Asian markets mixed as profit-takers move in
Pakistani rupee at record low; stocks, o/n rates up
Bank of Japan keeps rates unchanged at 0.1%
Toronto filmfest hopes to buck up weak Oscar season |
Rihanna reveals Loud album title, debuts single |
Betty White gets comic book treatment |
Billy Ray Cyrus teams with son on paranormal TV show |
Former State Department official to head 'Google Ideas'
European police target online film piracy network
Solar plane plans first flights across Switzerland
Google replaces logo with dancing doodle
HP files complaint against former CEO over Oracle job
Bombs targeting Iraqi police kill three in Baghdad
German exports roar ahead in July
U.S. says not considering NATO Afghan troop request |
Craigslist quiet on fate of adult services section
US appears powerless to stop Koran-burning ceremony
U.S. religious leaders condemn anti-Muslim frenzy |
Bank capital must be 'reinforced:' Trichet
Afghanistan: More voting stations to remain closed
Toll from Guatemala, Mexico landslides rises above 50
Wildfires ravage eastern Spain
Cisco, Westcon pay 48 million dollars in overcharging case
Gilt Groupe Names Jason Binn Chief Advisor To Gilt’s Chairman
Death toll at Darfur camp rises to nine, UN says
Mexican media cowed by drug violence: committee |
BP to publish oil spill report on Wednesday: company
US judge denies request to lift stem cell funds ban
Google replaces logo with dancing doodle
Two US troops gunned down by Iraqi comrade after sports row
Spain's Zapatero urges ETA to 'give up weapons forever'
U.S. team to discuss North Korea in Seoul, Tokyo, Beijing |
Top US commander: Burning Quran endangers troops
French pension protest attracts 2.5mln people: union
Europe 'wasting time' in British rebate bid
Blast rips through Mexico oil refinery, kills one |
Death toll at Darfur camp rises to nine, U.N. says |
Icelandic WikiLeaks associate says founder should step aside
HP files suit against former CEO over Oracle job
US-TECH Summary
Philippine bus hostage reporters chose 'ratings above lives'
U.S. Justice Dept probing Google/ITA deal: sources
US drone strike kills six militants in Pakistan
US newspaper ad revenue falls again, but pace slows
Thai plane searched in LA after bomb warning: FBI
Japan journalist tricked Afghan captors with Twitter
Florida Church Defies U.S., NATO, Vatican Condemnation Over Koran Burning
YouTube shows a day through eyes around the world
Reykjavik's mayor puts comedian days behind
U.S. State Department Confirms No Permit For Koran Burning In Florida
South Korea imposes new wave of Iran sanctions
White House Not Inclined To Extend Tax Cuts For Highest Earners
Vietnam maths star prefers life in the shadows
Billy Ray Cyrus And Son Tapped To Host Paranormal Reality Show
Media watchdog slams Myanmar's pre-poll censorship
Zac Posen: Busy Until The Last Minute Before Fashion Week
Clooney's 'American' powers to top of box office
U.S. Justice Dept probing Google/ITA deal: sources |
“The Golden Girls: 25th Anniversary Complete Collection” Hits Stores November 9
Oracle investors cheer ex-HP boss Hurd's arrival
US-ENTERTAINMENT Summary
China look to Asian Games after dismal basketball Worlds
Gilt Groupe Names Jason Binn Chief Advisor To Gilt’s Chairman
John Lennon's killer refused parole for sixth time
White House Yet To Explain Obama’s “Dog” Remark
Malaysia officials appeal 'Lizard King' sentence
Stocks Retreat Over European Debt Worries
Ronald Reagan movie planned for 2011
China, Myanmar leaders to meet as election draws near
New Zealand extends emergency following aftershock
The xx win Britain's Mercury Prize for debut album
Michael Caine going on "Journey to Center of Earth"
Natalie Portman offered lead in 3D survival story
Study reveals attractive dance moves for men
Seoul shares open lower; financials retreat
Sharp aftershock rattles quake-weary New Zealand city
Chevron to explore three China deepwater sites
John Lennon's killer refused parole for sixth time |
Natalie Portman offered lead in 3D survival story |
Taiwan tycoon cleared in Sogo deal
Michael Caine going on Journey to Center of Earth |
Amy Poehler to host Saturday Night Live premiere |
Ronald Reagan movie planned for 2011 |
Former Flight Attendant Works On Plea Deal To Avoid Jail
French President Latest Victim of "Google Bomb" Prank
Unions Stage Strikes Across France To Protest Higher Retirement Age
Mayor Signs Anti-Sagging Pants Law
Guards beat customers at crisis-hit Afghan bank |
World stocks drop as investors seek safety
Israel eyes impound of ships breaking Gaza blockade
China Mobile falls as Vodafone sells $6.5 billion stake
BP takes share of blame for Gulf oil spill
Sarkozy faces down French unions on pension age rise |
German industrial output edges higher: ministry
Salesforce.com offers Chatter networking on mobile
Sarkozy defies French pensions protests
Iran woman's stoning suspended after global outcry |
BP report on Gulf oil disaster to accept 'some blame'
Three killed in Baghdad attacks
Ex-Soldier In Fort Stewart Incident Charged With Threatening To Kill President
Australian government prepared to adjust mining tax |
Poor security to keep more Afghan polls closed
MGM, Twentieth Century Fox Unveil Literary Classics Collection In DVD
Japan's Ozawa says may need to issue more debt |
Colorado's Fourmile Fire Razes More Than 7,000 Acres
Afghanistan: More voting stations to remain closed
Merkel to honor Mohammed cartoonist at press award |
Target To Sell Limited Edition Blu-Ray Of "Iron Man 2"
South Korea imposes independent sanctions on Iran
Test for Aquino as Philippine massacre trial starts |
Country Star Justin Moore's TV Special Airs September 12
Winds Down Power Lines; Spark 85 Fires Across Detroit
Study Finds Swine Flu Not Worse Than Seasonal Strain
U.S. diplomat raps Russia on jailing, free assembly |
Threatening Note Found On Thai Airplane
U.N. agency to report fall in Afghan opium output |
Chicago Mayor Richard Daley Won't Seek Seventh Term
Pirates hijack Maltese-flagged vessel off Somalia |
Article Claims Drug Makers Used 'Ghostwriters' To Distort Hormone Replacement Truths
China assures isolated Myanmar of its support
Former JetBlue attendant putting Hollywood on hold
Thai plane searched in L.A. after bomb threat
Beijing protests as Japan arrests China boat captain
Iraqi soldier guns down US troops after sports row
Koran-burning plan draws worldwide condemnation
Malaysian radio station sacks DJ over race discussion
Former JetBlue attendant putting Hollywood on hold
Call for Sept 11 truce over New York Muslim centre
Oracle offered Hurd pay package with $10 million bonus |
Test for Aquino as Philippine massacre trial starts
Thai plane in LA bomb scare: FBI
Letterman's blackmailer eyes return to TV news
Salesforce.com offers Chatter networking on mobile |
Angelina Jolie upset over Koran-burning plan
China demands Japan free skipper in maritime row
Asian stocks tumble as dollar hits new 15-year low
U.S. Justice Dept probing Google/ITA deal: sources |
The XX win UK Mercury music prize for debut album
NZ house prices ease further in August
China Mobile falls as Vodafone sells $6.5 billion stake |
Judge calls Nicollette Sheridan lawsuit "annoying"
Samsung launches smartphone in China
Study reveals attractive dance moves for men
Nokia bets on new smartphones for recovery |
Audi posts sales records in China, US
Pakitani rupee firms; stocks up; o/n rates down
Teen radio show breaks taboos in Nepal
S.Korea to form capital flow monitoring unit-paper
Mexico movie finds jokes in drug violence 'hell'
China buys 6.9 billion dollars of Japan bonds
Seoul shares slip 0.5 pct on techs, banks
WWII Era Mass Grave Discovered In Slovenia
Bangladesh exports soar as orders shift from China
Taiwan plans to tighten M&A rules for financial firms
Affleck directs, stars in Boston thriller The Town |
Angelina Jolie upset over Koran-burning plan |
Shaken not stirred: 007's Aston Martin goes up for auction |
Judge calls Nicollette Sheridan lawsuit annoying |
Film on 19th century freak impresses in Venice |
Natalie Portman offered lead in 3D survival story |
Bob Marley's daughter pleads guilty to drug charge |
Former JetBlue attendant putting Hollywood on hold |
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph	VPN on MacOSX	BlogMeter 1.01