Tags: kabul bank run violence

Police Beat Back Crowds at Failing Kabul Bank

Wednesday, 08 September 2010 01:08 PM

KABUL - Fears over the future of ailing Kabul Bank grew violent Wednesday as state police beat back crowds of frustrated Afghan government workers attempting to withdraw their salaries on the final day before a four-day national holiday, The Washington Post reports.

More than 500 government employees, including local police officers, Afghan National Army soldiers and teachers, mobbed the sole Kabul Bank branch that remained open, only to be kept at bay by armed police from the country's National Directorate of Security.

The crowds pressed in so closely that the NDS police started punching and shoving people to keep them back. The guards also threatened to destroy the cameras of journalists attempting to take pictures of the scene. A cameraman was punched before jumping into a car and speeding off.

"This is shameful that these simple police officers are beating up more high-ranking officers," said Abdul Hanan, a policeman who had come to collect his $450 monthly salary. "We are educated people, not animals. We need to get our salaries. I have worked in more than 20 provinces, but I am standing out here unable to get my salary."

The standoff was the latest setback for attempts by President Hamid Karzai's administration to control public fears about the future of Kabul Bank, whose top two executives were forced to resign last week after the discovery of a series of risky off-the-books loans and property investments in Dubai.

Read the entire story at washingtonpost.com

© Copyright 2019 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

1Like our page
kabul bank run violence
Wednesday, 08 September 2010 01:08 PM
Newsmax Media, Inc.

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

© Newsmax Media, Inc.
All Rights Reserved