Probe sought of Mubarak family's fortune

0 CommentsPrint E-mail China Daily), February 15, 2011
Adjust font size:

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.

"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 on Friday, and left Cairo for a gated compound in the Red Sea resort of Sharm el-Sheikh.

Forty percent of the country's 80 million people live on $2 or less a day, and critics accused officials of usurping the nation's wealth.

In recent days, watchdog groups and private lawyers have demanded that the country's chief prosecutor launch criminal investigations against the Mubaraks and some of their wealthy associates. Scores of former government officials have already been banned from travel and several, among them four former Cabinet ministers, have had their assets frozen.

How far these investigations will go ultimately depends on the political will of Egypt's leadership, said Eric Lewis, a partner with Washington-based law firm Baach, Robinson & Lewis, which specializes in international asset tracing and has done work in Kenya and Pakistan.

"What you often find is that while there's a kind of political impetus that seems to want to do it, the reality is that the real urge for transparency is more symbolic than real," Lewis said.

Far-reaching corruption probes could test the resolve of senior military officials who are running the country in the transition period. Some warn that a purge of Egypt's tycoons could make economic recovery from the political crisis more difficult.

Anti-corruption campaigners are calling for a speedy investigation and are urging countries other than Switzerland to freeze assets pre-emptively. "It's going to be a very difficult task, but in the interest of public money, things need to move now," said Omnia Hussien, Egypt expert at the advocacy group Transparency International.

The Mubaraks have never publicly discussed their assets. Hosni Mubarak's official monthly salary as president, counting benefits, came to 4,750 Egyptian pounds ($808), in 2007 and 2008, according to a Cairo think tank.

Rumors of hidden riches, such as expensive real estate in Britain, the United States and elsewhere, were fueled by the cozy ties between the Mubaraks and Egypt's business elite.

Print E-mail Bookmark and Share

Go to Forum >>0 Comments

No comments.

Add your comments...

  • User Name Required
  • Your Comment
  • Racist, abusive and off-topic comments may be removed by the moderator.
Send your storiesGet more from China.org.cnMobileRSSNewsletter
主站蜘蛛池模板: 国产区在线视频| 一级国产a级a毛片无卡| 美女张开腿让男人桶国产| 国产福利在线观看你懂的| 久久久久综合一本久道| 欧美成人a人片| 四虎国产精品永久在线播放| 免费观看黄色的网站| 国产色诱视频在线观看| caoporm视频| 尤物网在线视频| 中文字幕在线高清| 日本特级淫片免费| 吃女邻居丰满的奶水在线观| 黄网站在线观看高清免费| 国产精品一区二区无线| 91传媒蜜桃香蕉在线观看| 日本tvvivodes人妖| 五月天婷五月天综合网站 | 青青草原伊人网| 国产欧美精品一区二区三区四区| 720lu国产刺激在线观看| 夜夜爽免费888视频| 久久久久性色av毛片特级| 日韩系列第一页| 亚洲二区在线视频| 欧美性白人极品hd| 免费无码AV一区二区三区| 美女流白浆网站| 国产va免费精品高清在线| 蜜芽亚洲av无码精品色午夜| 国产在线精品网址你懂的| 91制片厂在线播放| 在线视频日韩欧美| chinesevideo普通话对白| 好男人网官网在线观看| 一本大道香蕉视频在线观看| 成人在线手机视频| 中文天堂在线视频| 最好2018中文免费视频| 亚洲乱码一区二区三区在线观看|