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Kamal Nabizada, a businessman in northern Afghanistan

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.

By Zabiullah Rashidi