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Egypt: Mubaraks had wealth beyond their means - ASHARQ AL-AWSAT English Archive
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CAIRO, (AP) – Egypt’s financial oversight body says the former president of Egypt and his family have amassed wealth beyond their means in the form of properties and bank accounts.

The state news agency said Monday the agency found that the 82-year old former president and his two sons and wife own several properties around Egypt, including luxury apartments, and palaces, as well as empty land plots and valuable farm land.

The report said the family also has numerous bank accounts in foreign and local currencies. The elder son, Alaa, is apparently the richest, followed by Gamal, who was groomed by his father to be president.

Mubarak, the father, has the least wealth, according to the office.

Mubarak’s sons are in detention pending investigation, while the elder Mubarak has been hospitalized.

Asharq Al-Awsat

Asharq Al-Awsat

Asharq Al-Awsat is the world’s premier pan-Arab daily newspaper, printed simultaneously each day on four continents in 14 cities. Launched in London in 1978, Asharq Al-Awsat has established itself as the decisive publication on pan-Arab and international affairs, offering its readers in-depth analysis and exclusive editorials, as well as the most comprehensive coverage of the entire Arab world.

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