Hamid Karzai sibling Mahmud Karzai
Corruption
According to The New York Times, many members of the Karzai family have mixed their personal interests with that of the state, and become hugely influential and wealthy by murky means. In 2012 Afghanistan was tied with Somalia and North Korea at the bottom of Transparency International's Corruption Perception Index, and it ranked 172/175 in 2014.Mahmoud Karzai, the brother of President Karzai, was implicated in the 2010 Kabul Bank crisis. Mahmud Karzai was the 3rd largest shareholder in the bank with a 7% stake. Kabul Bank incurred huge losses on its investments in villas in Palm Jumeirah in Dubai. The real estate investments were registered in the name of Kabul Bank chairman, Sherkhan Farnood. Mahmud Karzai bought one such villa from Farnood for 7 million dirhams using money borrowed from Kabul Bank and in a matter of months sold it for 10.4 million dirhams. Mahmud Karzai's purchase of the 7% stake in Kabul Bank was also financed entirely through money lent by Kabul Bank with the shares as collateral.Karzai has admitted that there is widespread corruption in Afghanistan, but has blamed the problem largely on the way contracts are awarded by the international community, and said that the "perception of corruption" is a deliberate attempt to weaken the Afghan government.
brother or sister kin