In an undated photograph received in 2007, President Hosni Mubarak (2nd-R) poses with his wife Suzanne (C), accompanied by their two sons Gamal (R) and Alaa (2nd-L) with his wife Heidi al-Sakher (L) in the Tahadeya Palace in Cairo. Image: AFP / Getty ImagesWestern Property In $70b Family Fortune -- Sydney Morning Herald
LONDON: President Hosni Mubarak's family fortune could be as much as $70 billion, according to analysis by Middle East experts, and much of his wealth is in British and Swiss banks or tied up in property in London, New York, Los Angeles and along expensive tracts of the Red Sea coast.
After 30 years as President and many more as a senior military official, Mr Mubarak has had access to investment deals that have generated hundreds of millions of dollars in profits. Most of the gains have been taken offshore and deposited in secret bank accounts or invested in upmarket homes and hotels.
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My Comment: They are not sure on the exact amount that the Mubarak family have been able to siphon off into their personal bank accounts .... but I suspect that it is a lot. Hmmmm .... if true .... the Pharaohs themselves would be jealous.
1 comment:
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