Karzai Family Ties Shielded Flailing Afghan Bank

by Mother Jones on September 7, 2010

KABUL, Afghanistan — In early 2009, as President Hamid Karzai scanned the landscape for potential partners to run in his re-election bid, he was approached from an unusual corner: a bank. The president’s brother, Mahmoud, and another Afghan businessman, Haseen Fahim, were shareholders in Kabul Bank, one of the freewheeling financial institutions that had sprung up over the past decade since the Taliban’s fall.

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Karzai Family Ties Shielded Flailing Afghan Bank

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