AbdulQadir Fitrat, Former Head of CBA Passed Away in Virginia
The financial corruption and bankruptcy of Kabul Bank, which is mainly known as the “Kabul Bank Scandal” in national and international financial institutions
According to Mohajir Times: Abdul Qadir Fitrat, the former head of the Central Bank of Afghanistan “Da Afghanistan Bank”, who lived in the American state of Virginia, died on Sunday, April 28, 2024, at the age of 61 due to illness. So, Fitrat's family and relatives confirmed his death to mass media that he was also suffering from cancer. Mr. Fitrat was the head of the Central Bank of Afghanistan from 2007 to 2011 during the administration of Hamid Karzai, the former president of Afghanistan.
Abdul Qadir Fitrat was born in Badakhshan province in the north-east of Afghanistan. He received his bachelor's degree in economics from the International Islamic University in Islamabad, Pakistan, and his master's degree from the Wright State University in Dayton, Ohio, in the United States. Between 2000 and 2001, Fitrat worked for First National Union Bank in Northern Virginia and then for the World Bank.
After the bankruptcy of Kabul Bank, Mr. Fitrat, who was one of the defendants in the Kabul Bank case, went to the United States and announced his resignation to the Afghanistan banking system from the USA. The financial corruption and bankruptcy of Kabul Bank, which is mainly known as the “Kabul Bank Scandal” in national and international financial institutions, where millions of Afghan citizens' cash has been misappropriated by the mafia and powerful.
Thus, following this issue, Abdul Qadir Fitrat authored a book titled “The Tragedy of Kabul Bank.” This book was published in America on February 8, 2018, in 496 pages, in its content, how the visible and hidden angles of the Kabul Bank scandal are described and written. Nevertheless, the Persian-Farsi of the book Tragedy of Kabul was published in Kabul in 2019, with the translation of Harun Kohi and Hedayatullah Sharifpour, by Parand Publishing House.
During the tenure of Abdul Qadir Fitrat, Kabul Bank, which was a private bank in Afghanistan, went bankrupt and nearly one billion USD of the depositors' funds of Afghanistan citizens were embezzled and perished. At that time, the management and directorship of Kabul was under the tenure of Sherkhan Farnood, the founder of Kabul Bank. Kabul Bank was one of the private banks of Afghanistan, which during the administration of Hamid Karzai, had signed a contract with governmental and non-governmental institutions, including the Ministry of Defense and Interior of Afghanistan, to deposit the monthly salaries of the army and police.
