Afghan President Hamid Karzai's brother has made at least $800,000 just by selling and buying sophisticated Dubai villa. The loan was supplied by the Trouble Kabul Bank. On Wednesday Mahmood Karzai purchased a house on Palm Jumeirah July 2007. Which was considered Dubai residency. He is the third-biggest shareholder in the bank.
In the last week they had been many statements that there has been loss of dangerous property investments in Dubai. The Chairman of Kabul Bank, Sherkhan Farnoon, has rearraged loans and purchases but was unsure if the money is from his personal savings or the banks.
http://news.yahoo.com/s/ap/20100908/ap_on_re_mi_ea/ml_dubai_afghanistan_banks
1 comment:
Liezel! (:
you did a very great job writing this blog entry. I liked how you kept it simple and short but yet managed to get the right information in there. <3
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