Corruption in Afghanistan: US Cuts Aid After Millions Siphoned Off to Dubai

(SPIEGEL ONLINE) — Billions of dollars are being secreted out of Kabul to help well-connected Afghans buy luxury villas in Dubai. Amid concerns that the money could be the result of corruption, American politicians have temporarily cut off aid to the Afghan government.

According to some estimates, since 2007, at least $3 billion (€2.4 billion) in cash has left the country in this way. The preferred destination for these funds is Dubai, the tax haven in the Persian Gulf. And, given the fact that Afghanistan’s total GDP amounts to the equivalent of $13.5 billion, there is no way that the funds involved in this exodus are merely the proceeds of legal business transactions.

via Corruption in Afghanistan: US Cuts Aid After Millions Siphoned Off to Dubai – SPIEGEL ONLINE – News – International.

Be the first to comment

Leave a Reply

Your email address will not be published.


*