The price of Brent crude rose sharply early on Friday when it appeared that President Mubarak would cling to power Photo: ReutersEgypt: Hosni Mubarak Used Last 18 Days In Power To Secure His Fortune -- Wall Street Journal
Hosni Mubarak used the 18 days it took for protesters to topple him to shift his vast wealth into untraceable accounts overseas, Western intelligence sources have said.
The former Egyptian president is accused of amassing a fortune of more than £3 billion - although some suggest it could be as much as £40 billion - during his 30 years in power. It is claimed his wealth was tied up in foreign banks, investments, bullion and properties in London, New York, Paris and Beverly Hills.
In the knowledge his downfall was imminent, Mr Mubarak is understood to have attempted to place his assets out of reach of potential investigators.
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More News On the Mubarak Fortune
Probe sought of Mubarak family's purported fortune -- Washington Post
Mubarak's Swiss Assets Frozen -- Wall Street Journal
'Enormous task' to find Hosni Mubarak's lost fortune -- The Australian
Egypt: Vince Cable calls for international action to locate Mubarak billions -- The Telegraph
Mubarak Family Holdings Under Investigation by U.K.'s Serious Fraud Office -- Bloomberg
Pressure on to freeze Mubarak's assets in UK -- The Independent
UK calls for international action on Mubarak assets -- Reuters
European countries may freeze Mubarak's assets abroad, report says -- Haaretz
'Mubarak moves assets from European banks to Gulf states' -- The Times of India
'Mubarak began moving assets to Gulf states weeks ago' -- Jerusalem Post
Will Mubarak get to keep the ill-gotten billions? -- Farrukh Saleem, International News
My Comment: It seems that the Mubarak family knew weeks ago that their time was up in Egypt .... that is when they started to move their money.
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