Wednesday, March 29, 2023

Afghan MPs warn on Azizi Bank collapse

Immigration News

Ahmad Shah Ghanizada
Ahmad Shah Ghanizada
Ahmadshah Ghanizada is the deputy editor in chief for The Khaama Press Agency who manages and overlooks the English edition.

Tuesday, 12 July – A number of Afghan MPs on Monday warned regarding the probability of Azizi Bank collapse, which has been denied by chief of this bank.

Azizi Bank is Afghanistan’s second biggest private financial bank.

Afghan MPs claim that International Monetary fund has requested to investigate Azizi Bank, but have been impeded by some government officials.

But Mirwais Azizi chief of Azizi bank denied having any connection with International Monetary Fund.

During Monday’s session, Afghan MPs discussed the fate of Azizi Bank, fearing regarding the probability of Azizi bank collapse and warned of possible bankruptcy.

An Afghan MP, Hossain Fahimi said, “I want that every Afghan should know that Azizi Bank would face the same crisis as Kabul Bank.”

While another Afghan MP, Monawar Shah bahaduri said, “Azizi Bank is about to become bankcrupt, this bank has paid enormous loans to Onyx Construction Company. Our concern is that Azizi bank has not implemented the required regulations unfotunately.”

On the other hand, a number of other Afghan MPs claims that Azizi bank has paid bribe to a number of Afghan MPs in order to be silent and prevent discussions regarding Azizi Bank.

An Afghan MP, Abdul Zaher Qadir said, “In order to prevent from discussions regarding Azizi Bank and to remain silent in Afghan parliament, they brought me one dollars.”

Afghan MPs says enormous investment in Dubai is the main reason behind Azizi Bank crisis.

In the meantime, Mirwais Azizi chief of Azizi Bank has denied all the allegations and says that they are not true.

Mr. Azizi further added, Azizi Bank’s property includes one building and other physical assets which are owned by this bank, and Azizi bank does not have any property for sale,

Mr. Azizi also said, this bank have around $500 million bank deposits, around $200 million has been paid out as loans and the remaining $300 to $350 million is with Azizi Bank and Central Bank of Afghanistan, available in cash.

Afghan MPs finally decided to summon the acting chief of Afghan Central Bank in order to update the house this weekend about the current state of Azizi Bank.

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