NOVANEWS
An Afghan Businessman has no part in Loan Business of Kabul Bank
by Zabiullah Rashidi
Following the New York Times article published on 28 March 2011 under title of Afghan Elite Borrowed Freely from Kabul Bank in which names of the prominent businessmen were indicated in connection to the huge outstanding loans from the Kabul Bank. As stated in the article one of the unpaid loans for US$ 21 million to the Kabul Oil Company involving several shareholders among them Mr. Kamal Nabizada’s name was allegedly mentioned without proof as it is considered a defamatory allegation against him. It has never been substantiated with evidence that Mr. Kamal Nabizada has received loans from the Kabul bank in his private capacity or in association with other shareholders or through Kabul Oil Company.
There is clear evidence that shows he has never been an official shareholder of the Kabul Oil Company in order to be able to receive loan on behalf of the company. There are e-mail correspondences and copies of contracts for purchase of oil by Kabul Oil Company, which indicates that Mr. Kamal Nabizada is not a shareholder of the Kabul Oil Company and he has never been involved in loan business from the Kabul Bank which led the bank towards insolvency. Therefore, this issue needs to be talked as soon as possible and thus, the publishers of the article should reconsider their publication to retract the portion which falsely judged about Mr. Kamal Nabizada a remarkable figure among the Afghan businessmen.
For further reference we have attached scanned copies of evidence that clears his name from the list of those who borrowed money from the Kabul Bank. However, Mr. Kamal Nabizada has always supported financial institutions and has greatly contributed for reconstruction of the war torn country. Moreover, he runs a humanitarian foundation to help poor and needy people in the country. By copy of this substantiated assessment report, the publishers of the so called article are requested with due respect to retract their false and unsubstantiated comments about Mr. Kamal Nabizada and publish the attached proof not only to clear his name but to support his efforts as a prominent business man in the region.
Translation of the letter from Sher Khan to
Kamaludin Nabizada
by Zabiullah Rashidi
KABUL NEFT
No: 14/24
Date: 08/04/1387
To: The Respected Company of Kamaludin Nabizada
Attention: To the head of the company
In response to your e-mail message of 23/06/2008 we inform you that your e-mail correspondence was delivered to Mr. Shir Khan the general manger of Kabul Bank and in reply he instructed that Kamaludin Nabizada is not a shareholder of the Kabul Neft nor he has any responsibility in the company and I hereby inform him that he should not interfere in the affairs of Kabul Neft and Kabul Bank, and also does not involve himself in the work of Mr. Haji Sahib Hussain and Mahmood Karzai.
However, regarding the outstanding loan that Kabul Neft owes you, if you don’t mind you can travel to Dubai in order to discuss the issue with Shir Khan and find a solution for it. Since, our duty is to inform you that you have no any responsibility in the Kabul Neft, we informed you through this letter in writing.
Regards,
Readership of Kabul Neft
