 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.