Probe Sought of Mubarak Family's Purported Fortune

Summary


CAIRO - Switzerland has frozen whatever assets Hosni Mubarak and his associates may have there, and anti-corruption campaigners are demanding the same of other countries. But experts say hunting for the deposed Egyptian leader's purported hidden wealth - let alone recovering it - will be an enormous task.

Mubarak's actual worth remains a mystery. A recent claim that he and his sons Gamal and Alaa may have amassed a fortune of up to $70 billion - greater than that of Microsoft's Bill Gates - helped drive the protests that eventually brought him down.

See the full content of this document

Extract


Probe Sought of Mubarak Family's Purported Fortune

"Oh, Mubarak, tell us where you got 70 billion dollars!" protesters chanted in demonstrations before Egypt's ruler of 30 years was driven from office Friday, and left Cairo for a gated compound in the Red Sea resort of Sharm el-Sheikh.

Corruption was endemic in Mubarak's Egypt where 40 percent of the country's 80 million people live on $2 or less a day, and critics accused ...

See the full content of this document

Sponsored links




ver las páginas en versión mobile | web

ver las páginas en versión mobile | web

© Copyright 2012, vLex. All Rights Reserved.

Contents in vLex United States

Explore vLex

For Professionals

For Partners

Company