  We analyze the chargino contributions to B_d - B-bar_d mixing and CP
asymmetry of the B_d --> J/psi K_S decay, in the framework of the mass
insertion approximation. We derive model independent bounds on the relevant
mass insertions. Moreover, we study these contributions in supersymmetric
models with minimal flavor violation, Hermitian flavor structure, and small CP
violating phases and universal strength Yukawa couplings. We show that in
supersymmetric models with large flavor mixing, the observed values of sin(2
beta) may be entirely due to the chargino-up-squark loops.
