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| Kabul Bank fraud: Sherkhan Farnood and Khalilullah Ferozi jailed | Kabul Bank fraud: Sherkhan Farnood and Khalilullah Ferozi jailed |
| (35 minutes later) | |
| Two former chiefs of Afghanistan's Kabul Bank have been sentenced to five years in jail for the multi-million dollar fraud that almost led to its collapse in 2010. | Two former chiefs of Afghanistan's Kabul Bank have been sentenced to five years in jail for the multi-million dollar fraud that almost led to its collapse in 2010. |
| Founder and former chairman Sherkhan Farnood and ex-CEO Khalilullah Ferozi were tried in a special court. | Founder and former chairman Sherkhan Farnood and ex-CEO Khalilullah Ferozi were tried in a special court. |
| Revelations of massive corruption led to a run on the bank in 2010. | Revelations of massive corruption led to a run on the bank in 2010. |
| Foreign donors bailed it out fearing its failure could lead to the collapse of Afghanistan's fragile economy. | Foreign donors bailed it out fearing its failure could lead to the collapse of Afghanistan's fragile economy. |
| The country's future aid contributions could have been jeopardised if no action had been taken against those responsible for the fraud, reports the BBC's Quentin Sommerville in Kabul. | The country's future aid contributions could have been jeopardised if no action had been taken against those responsible for the fraud, reports the BBC's Quentin Sommerville in Kabul. |
| Farnood has been fined $288m (£190m) and Ferozi $530m (£350m) by the Kabul Bank Special Tribunal. | |
| Twenty-one other employees were also sentenced by the court for between two and four years. Of those, five are considered missing or to have left the country. | |
| These are the first convictions handed down by the tribunal since it began proceedings after it was set up by the Supreme Court last year to deal with the corruption revelations. | |
| The bank handled most of the government payroll, including salaries for policemen and teachers. | The bank handled most of the government payroll, including salaries for policemen and teachers. |
| But in fact this was a sham, reports our correspondent, as its main purpose appears to have been to ferry hundreds of millions of dollars out of Afghanistan. | But in fact this was a sham, reports our correspondent, as its main purpose appears to have been to ferry hundreds of millions of dollars out of Afghanistan. |
| A report by an independent auditor leaked in November 2012 showed that the vast majority of the bank's loans - almost $900m (£561m) - were made to just 19 people and companies. | A report by an independent auditor leaked in November 2012 showed that the vast majority of the bank's loans - almost $900m (£561m) - were made to just 19 people and companies. |
| An earlier finding by Afghanistan's anti-corruption office said that $467m (£290m) of outstanding loans had been made without appropriate collateral. | An earlier finding by Afghanistan's anti-corruption office said that $467m (£290m) of outstanding loans had been made without appropriate collateral. |
| Our correspondent says that much of the stolen money is unlikely to be recovered. | Our correspondent says that much of the stolen money is unlikely to be recovered. |
| The two men have the right to appeal, reports the Associated Press news agency. | The two men have the right to appeal, reports the Associated Press news agency. |