Ghori Cement Plant Faces Bankruptcy

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TOLOnews, 12 May 2012
Afghanistan’s largest cement company based in Pul-e Khumri (Baghlan), that is fully Afghan-owned, is facing bankruptcy at its second cement plant if it cannot secure sufficient bank financing, the company’s officials said Saturday. McClatchy newspapers, in late 2010, that Ghori Cement Factory and Karkar coal mine in Baghlan had ‘become symbols of the corruption, nepotism and mismanagement that pervade President Hamid Karzai’s government’, quoting Baghlan’s governor Abdul Majid who said: ‘The factory was handed over to people who are a mafia’. Up to the Kabul Bank scandal, the factory belonged to a group around presidential brother Mahmud Karzai.