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Wednesday, 25 April 2018

Wealth of former Egyptian interior minister estimated at $3bn

Official documents obtained by Al-Ahram daily indicate that imprisoned Habib El-Adly's fortunes are around $3 billion, including a 'fleet' of fancy cars and dozens of villas

Ahram Online, Sunday 16 Sep 2012
Habib El-Adly
Egypt's former interior minister Habib El-Adly (2nd L) leaves court after being sentenced to life, 2 June 2012 (Photo:Reuters)
Views: 4082
Views: 4082

Egypt's former minister of interior Habib El-Adly reportedly owns 42 palaces and villas, 75 feddens and a 'fleet' of luxury cars, state-owned Al-Ahram daily newspaper reported on Saturday.

Al-Ahram has obtained official documents which will be handed to the country's illicit gains authority that include details about El-Adly's wealth, which is estimated at LE18 billion ($3 billion).

El-Adly and ousted strongman Hosni Mubarak are currently serving life sentences for failing to prevent the killing of protesters during last year's uprising.

Most of the former interior minister's properties are located in Sharm El-Sheikh, the North Coast, Mohandiseen and Zamalek, all in wealthy neighbourhoods.

El-Adly owns a villa in satellite 6 October City surrounded by a bulletproof glass façade, according to Al-Ahram.

It is reported that there are other undisclosed properties that have been registered under the names of his relatives.

In July 2011, El-Adly was sentenced to five years in prison for squandering public funds in the infamous number plates case. Earlier that same year the former interior minister was handed a 12-year sentence for corruption charges related to using his senior position to illegally gain profits.

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16-09-2012 10:05am
No need to borrow money then
Just keep confiscating all those billions that belong to the nation, and there will be no need to borrow from anyone Insha Allah. These are the thieves that are being missed by some people on this forum.
Comment's Title
16-09-2012 03:32pm
But as you can see UK, the West, are frankely not in a hurry.

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