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Thursday 17 February 2011

Egypt: Hosni Mubarak used last 18 days in power to secure his fortune - Telegraph

El NACHO - 15:44
The Last Pharaoh: Mubarak and the uncertain future of Egypt in the Volatile Mid EastEgypt: Hosni Mubarak used last 18 days in power to secure his fortune - Telegraph: "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.
On Friday night Swiss authorities announced they were freezing any assets Mubarak and his family may hold in the country's banks while pressure was growing for the UK to do the same. Mr Mubarak has strong connections to London and it is thought many millions of pounds are stashed in the UK."

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