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NEWS ABOUT: Mahmoud Karzai

More About:  Hamid Karzai • Afghanistan • Kabul Bank • Muhammad Fahim • Dubai • aid • Kabul

Karzai's Brother Skirts Kabul Bank Freeze

Afghanistan's top bank teeters on the brink

(Newser) - With Kabul Bank in crisis , authorities in Afghanistan have frozen some assets of all the bank’s principal owners—except for Mahmoud Karzai, brother of Afghan President Hamid Karzai. The Afghan Central Bank has sent a letter banning the bank’s owners from selling property, the Washington Post reports, but... More »

Officials May Have Smuggled US Aid Out of Afghanistan

More than $3 billion flown out of Kabul Airport

(Newser) - US investigators suspect that high-ranking Afghan officials are smuggling US aid money out of the country and putting it in financial safe havens abroad. More than $3 billion in cash has been flown out of Kabul International Airport in the past three years, the Wall Street Journal reports, and though... More »

Afghan Poker Star Funds Secret Villas for Karzai & Pals

Kabul Bank gives hidden loans to officials

(Newser) - Afghanistan’s largest commercial bank has been giving off-the-books multimillion-dollar loans to top members of Hamid Karzai’s government, to help them buy luxury villas in Dubai. Kabul Bank's founder and chairman is Sherkhan Farnood, Afghanistan’s only world-class poker player, and many of the villas, including Karzai’s own,... More »

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