Tuesday, May 8, 2012

Mubarak Still Has His Billions



Mubarak Still Has His Billions

By Cam McGrath

"CAIRO, May 8, 2012 (IPS) - More than a year since president Hosni Mubarak was removed from power, the money he allegedly syphoned from Egypt during his 29-year rule remains beyond the reach of authorities attempting to recover it.

Mubarak amassed a fortune by carving up Egypt as if it were his own private estate. The dictator and his family are believed to have accumulated anywhere from 2 billion to 70 billion dollars in illicit wealth, much of it tied up in secret offshore accounts as well as lavish estates in London, Madrid, New York and across Egypt......"

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