Mahmud Karzai

Mahmood Karzai is a businessman and brother of Hamid Karzai, the current president of Afghanistan.

He was previously a restauranteur in San Francisco, Boston and Baltimore.^[1]

The New York Times noted in an article of 5 March 2009 that "...he has become a political liability, with critics saying his ascent was unfairly eased."^[1]

In October 2010, the Washington Post reported that Karzai could soon be indicted for tax evasion in the US, though he denied the charges, telling the newspaper: "I'm very clean," and insisting his only interest was "rebuilding Afghanistan."^[2]

Business Activities

Kabul Bank

Mahmood Karzai is a shareholder in Kabul Bank, owning 20,548 shares, which represents 7.41% of the bank.^[3]

During the September 2010 run on the bank he told the Boston Globe that "America should do something".^[4]

Toyota Dealership

Karzai owns the only Toyota dealership in Afghanistan, Afghan Auto Limited.

Cement Factory

Karzai owns the only cement factory in Afghanistan.^[5][6]

References

1. ^ ^{a b} Risen, James (2009-03-05). "Karzai's brother finds way to top". The Seattle Times. http://seattletimes.nwsource.com/html/nationworld/2008814435_karzai05.html. 
2. ^ Ahmad, Sardar (2010-10-19). "Afghan government orders all private banks to be audited". AFP. http://www.google.com/hostednews/afp/article/ALeqM5jJma5WN_riCwDv-7SbQTEOx6AHsA?docId=CNG.f3c56da45464a41c1cd517b13c5de4ac.2a1. Retrieved 2010-11-05. 
3. ^ http://www.kabulbank.af/html/Financials.html
4. ^ Higgins, Andrew; Londono, Ernesto (2010-09-03). "Karzai's brother calls on US to help avert Afghan bank run". The Boston Globe. http://www.boston.com/news/world/asia/articles/2010/09/03/karzais_brother_calls_on_us_to_help_avert_afghan_bank_run/. 
5. ^ Farmer, Ben (2009-08-07). "Karzai family's wealth 'fuelling insurgency'". The Daily Telegraph (London). http://www.telegraph.co.uk/news/worldnews/asia/afghanistan/5991447/Karzai-familys-wealth-fuelling-insurgency.html. 
6. ^ "Mahmood Karzai Isn't the Problem". The Wall Street Journal. 2010-07-01. http://online.wsj.com/article/SB10001424052748704103904575337240377163242.html.