Ex-Kabul Bank chiefs slapped with prison sentences, huge fines From Qadir Sediqi, CNN March 5, 2013 -- Updated 1120 GMT (1920 HKT) Former Kabul Bank CEO Khalilullah attends at a court in Kabul on March 5, 2013. Two former Kabul Bank officials are sentenced to five years in prison They must pay $278 million and $530 million to a recovery fund for victims 19 others face sentences of between six months and four years The bank was intended to help alleviate concerns about corruption Kabul, Afghanistan (CNN) -- Two former Kabul Bank executives accused in a scheme that siphoned hundreds of millions of dollars now face years in prison and massive fines. Investigators say the scheme cheated ordinary people's savings out of Kabul Bank in a case of "fraudulent lending and embezzlement." Former Chief Executive Officer Khalilullah Ferozi was sentenced to five years and ordered to pay $530 million to a recovery fund to help the fraud victims, prosecutor Nasrrullah Hemad said Tuesday. Former Kabul Bank Chairman Sherkhan Farnood was also sentenced to five years and must pay $278 million to the fund. The scandal that engulfed Kabul Bank has severely damaged the reputation of the Western approach to banking that it embodied in Afghanistan, one of the least developed countries in the world. The bank was meant to provide a transparent way for Afghan government employees -- soldiers, teachers and police officers -- to receive and retain their salaries without the age-old fear of corrupt superiors confiscating the money. Nineteen others face sentences of between six months and four years, Hemad said Tuesday. The sentences can be appealed. CNN's Jethro Mullen and Nick Paton Walsh contributed to this report. February 16, 2013 -- Updated 1622 GMT (0022 HKT) President Obama has revealed new details about the troop withdrawal. But there are several key issues that still must be resolved. February 11, 2013 -- Updated 1235 GMT (2035 HKT) Author William Dalrymple's new book "Return of a King" looks at the history of foreign-led wars in Afghanistan. February 12, 2013 -- Updated 1528 GMT (2328 HKT) Former Army Staff Sgt. Clint Romesha receives the Medal of Honor for his role in one of the worst ground attacks of the Afghanistan war. February 12, 2013 -- Updated 2118 GMT (0518 HKT) On Monday Esquire magazine published a massive profile of the Navy SEAL who says he shot Osama bin Laden. January 27, 2013 -- Updated 2221 GMT (0621 HKT) Aman Mojadidi, an American of Afghan descent, is an artist who has worked in Kabul and chosen particularly provocative themes. December 14, 2012 -- Updated 1710 GMT (0110 HKT) Erin Burnett speaks to a future Afghan space engineer and president. The family of Fawzia Koofi is OutFront. January 10, 2013 -- Updated 1614 GMT (0014 HKT) Afghan President Hamid Karzai met with President Barack Obama to discuss the post-2014 American presence in Afghanistan. November 30, 2012 -- Updated 0228 GMT (1028 HKT) The number of people forced to flee their homes is increasing and the conditions for the displaced are far below international standards. December 14, 2012 -- Updated 1206 GMT (2006 HKT) Panetta seems optimistic about Afghan security. Erin Burnett talks to two individuals about the reality on the ground. December 14, 2012 -- Updated 1101 GMT (1901 HKT) It has been 11 years of war in Afghanistan. Erin Burnett reports on where things stand now and what's next? June 8, 2012 -- Updated 1924 GMT (0324 HKT) Unexploded munitions from war games in Afghanistan make a dangerous play ground for local children. May 16, 2012 -- Updated 2045 GMT (0445 HKT) When it comes to negotiating with the Taliban, it's always one step forward, two steps back. Her story of torture by the Taliban made her the iconic face of the oppression of women in Afghanistan.