Research and Development
Afghan Investment Company (AIC)
Mahmood Karzai - brother of President Karzai - was in the Board of Directors of AIC which controls two coal mines and a cement factory. He shares resposibilty for payment of workers in Afghan Coal LLC and Afghan Cement LLC.
Karzai’s shares were bought by Mirwais Azizi, the CEO of Azizi Bank, who thereby increased his AIC investment. “He bought them only recently, there have not been any changes in the strategy, yet. But maybe there will be plans in future”, said Mohammad Muneer, the managing director of AIC’s coal mining section. Azizi could not be reached for comment.(20110711)