Sherkhan Farnood

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.[1] He also owns Pamir Airways, in partnership with Khalilullah Fruzi/Frozi, Mohammed Fahim and possibly others.[2] 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;.[3] As of early 2011 both are effectively under house arrest and cannot leave the country.[4]

An ethnic Uzbek,[5] Farnood is originally from the northern Kunduz Province of Afghanistan.[6] 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.[2] 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).[7] 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.[8][9]

References

  1. ↑ "Financials". Kabul Bank. March 31, 2007. Retrieved 2010-09-06.
  2. 1 2 "In Afghanistan, signs of crony capitalism (p.3)". Andrew Higgins. The Washington Post. February 22, 2010. Retrieved 2010-09-06.
  3. ↑ Ellis, Eric (2010-11-07). "Why Farnood was flushed out of Kabulbank". Euromoney. Retrieved 2010-11-11.
  4. ↑ Partlow, Joshua (2011-02-01). "Kabul Bank employees flee to Pakistan amid investigation into lending, officials say". Washington Post. Retrieved 2011-02-13.
  5. ↑ "Afghan businessmen leave for Bonn meet". gulfnews. November 29, 2001. Retrieved 2011-07-16. I am born Uzbek, but I speak Tajik, Hazara and Pashto. I am married to a Pashtun. My mother is a Tajik. It is better you don't ask me about my tribal affiliations, because I am an Afghan.
  6. ↑ Afghan Biographies: Farnood, Sherkhan Shirkhan Farnud
  7. ↑ "Sherkhan Farnood". Pokernews.com. Retrieved 2010-09-06.
  8. ↑ "In Afghanistan, signs of crony capitalism (p.2)". Andrew Higgins. The Washington Post. February 22, 2010. Retrieved 2010-09-06.
  9. ↑ "US Cuts Aid After Millions Siphoned Off to Dubai". Susanne Koelbl. Spiegel. July 5, 2010. Retrieved 2010-09-06.
This article is issued from Wikipedia - version of the Thursday, May 05, 2016. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.