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Mubarak’s Sons Have $340m Assets In Switzerland’ - Foreign Affairs - Nairaland

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Mubarak’s Sons Have $340m Assets In Switzerland’ by Aringarosa(m): 7:35pm On Nov 04, 2011
Cairo – The lawyer of former Egyptian President Hosni Mubarak, Mr. Farid Al-Deeb, has admitted that Mubarak's sons Alaa and Gamal have assets worth 340 million dollars in Switzerland.

In a magazine interview culled by the local media on Thursday, Deeb said the amount of money belonging to Mubarak's sons, announced on Oct. 17 by Egypt’s Illicit Gains Authority, was correct.

Deeb argued, however, that the assets are legal.

He also said the former Egyptian president and his wife do not own a single dollar inside or outside Egypt, pointing out that the Illicit Gains Authority’s numbers concerning money owned abroad by Mubarak and his wife is false.

The lawyer said the total funds owned by the two in Egyptian banks do not exceed six million Egyptian pounds (one million dollars).

Mubarak and his sons have been charged with corruption, and all three are under arrest, but his

wife has been cleared of any wrongdoing.

Egypt’s attorney general froze the assets of the former president's family on Feb. 20, nine days after he was forced to stepped down by revolutionaries.

Mubarak is also facing charges of complicity in the killing of hundreds of revolution protesters. (PANA/NAN)
Re: Mubarak’s Sons Have $340m Assets In Switzerland’ by nolongTing: 11:17pm On Nov 05, 2011
Is that all? grin grin grin grin

I remember reading that they were both Billionaires, the money in Switzerland is probably around a third of their total assets undecided undecided

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