|Date of birth|
|Function/Grade||Shareholders and Background Azizi Bank|
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Investigators say at least 10 people aided a young woman, whom they identified as Mrs. Shokofa Salehi Shogoofeh (born 1991), to defraud and steal $1.1 million from Azizi Bank. Inayatullah Fazli, Azizi's chief executive, says the money was stolen two months ago. Shogoofeh is alleged to have then used fake travel documents under the name Samira to reach India; her current whereabouts are unknown.(20130904)
Shareholders Azizi Bank:
Afghan Board of Directors
In an interview 2010902 the son of the bank's founder and a top official, Farhad Azizi, told The Associated Press that the company's Dubai real estate division is "not at all" connected to customer funds deposited at its Azizi Bank. "They are not linked to each other," Farhad Azizi said. "The bank has its own shareholders. It's an entity by itself that is governed by the Central Bank of Afghanistan."
In addition to the bank, the Azizi Group runs a business to ship liquefied gas and other fuels to Afghanistan and a property division with plans to build high-rise apartments with names like Azizi Diamond and Azizi Crystal on Dubai's Palm Jebel Ali, a manmade island in the shape of a palm tree. None of the projects has yet been built. They were halted like hundreds of others when Dubai's property bubble began to burst in late 2008. Prices plunged by half in a matter of months and have yet to bounce back. Azizi Group still controls several plots of land in the emirate.
Azizi Bank and its related companies have not been accused of wrongdoing. But reforms that prompted management changes at Kabul Bank and brought its lending practices to light could also affect Azizi's leadership -- a possibility raised in a prominent article in the Emirati daily The National on 20100902.
The former chairman and chief executive officer of Kabul Bank both resigned because, under new reforms, only banking professionals can hold top positions at banks. Kabul Bank has said senior executives at some of the country's other private banks might have to step aside as well to conform with the reforms.