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Monday, 25 January 2021

Fresh investigations condemn the Mubaraks

Watchdog report indicates that the Mubaraks as a family systematically embezzled public funds

Ahram Online, Monday 18 Apr 2011
The Mubaraks
The Mubaraks are all accused of illicit profiteering
Views: 4630
Views: 4630

The civil servants' watchdog says recent investigations into the wealth of deposed former president Hosni Mubarak and his family members suggest massive illicit profiteering.
The watchdog’s report says the assets of the Mubaraks – in comparison to their respective incomes – indicated that they all embezzled public funds.

According to the report, Mubarak’s elder son Alaa boasts more real estate than each of his family members.

Mubarak’s erstwhile heir apparent and younger son, Gamal, comes second on the list, his wife Suzanne third.

Apart from bank accounts, the Mubaraks are in possession of mansions, villas and apartments. Most of which are located in Sharm El-Sheikh, Cairo and Alexandria.

In a short recorded broadcast, aired on the Al-Arabiya TV channel on 10 April, Mubarak claimed that he and his family have been wrongly accused of illegal profiteering.‎

Shortly afterwards, the 82-year-old was remanded in police custody for 15 days pending further investigations into multiple corruption charges. Both of his sons were incarcerated in Tora Prison hours later.

The questioning of Suzanne is still underway.

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