Sunday, February 28, 2010
"All this money magically appears from nowhere," - The Looting Of Afghanistan's Wealth By It's U.S. Installed Kleptocracy Begins In Earnest
It appears Afghanistan's financial wealth is being systematically looted by the U.S. backed/empowered kleptocracy and U.S. funds are alleged to have been diverted from aid programs.
Much of it seems to be flowing to (or should I say 'through') Dubai.
It was also recently discovered that the Karzai family and an extended circle of 'friends' had received large loans from Kabul Bank (Afghanistan's national bank) for the purchase of suites in some of Dubai's finest accommodations.
The US has bankrolled Kabul Bank to the tune of $40 BILLION dollar in US investments. How much of that money has been paid out as highest-of-high-risk loans to the Expat-if-things-go-haywire US backed power elite of Afghanistan for fine dining and housing in Dubai and elsewhere?
No one seems to know.
But the founder and chairman of Kabul Bank knows ONE thing!
"What I'm doing is not proper, not exactly what I should do. But this is Afghanistan," Kabul Bank's founder and chairman, Sherkhan Farnood [source]While the US is obviously attempting to stop money from flowing into Afghanistan and Pakistan, money believed to be supporting al-Qaeda and the Taliban, Treasury Department officials visited the Afghan capital this month to talk about cash flowing OUT of the country among other... Ahem... financial issues in Afghanistan's "...infant, often chaotic financial sector.".
"All this money magically appears from nowhere," --U.S. official
Officials puzzle over millions of dollars leaving Afghanistan by plane for Dubai
By Andrew Higgins
Washington Post Foreign Service
Thursday, February 25, 2010; A10
KABUL -- A blizzard of bank notes is flying out of Afghanistan -- often in full view of customs officers at the Kabul airport -- as part of a cash exodus that is confounding U.S. officials and raising concerns about the money's origin.
The cash, estimated to total well over $1 billion a year, flows mostly to the Persian Gulf emirate of Dubai, where many wealthy Afghans now park their families and funds, according to U.S. and Afghan officials. So long as departing cash is declared at the airport here, its transfer is legal.
But at a time when the United States and its allies are spending billions of dollars to prop up the fragile government of President Hamid Karzai, the volume of the outflow has stirred concerns that funds have been diverted from aid.
The U.S. Drug Enforcement Administration, for its part, is trying to figure out whether some of the money comes from Afghanistan's thriving opium trade (ed. which, in socio-economically locked down Dubai, would undoubtedly be connected to Hamid Karzai's CIA-payrolled, Opium smuggling brother // Auntie I). And officials in neighboring Pakistan think that at least some of the cash leaving Kabul has been smuggled overland from Pakistan.
"All this money magically appears from nowhere," said a U.S. official who monitors Afghanistan's growing role as a hub for cash transfers to Dubai, which has six flights a day to and from Kabul.
In Full at the Washington Post
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