Tuesday, February 15, 2011

'Mubarak moves assets to Persian Gulf states'

Ousted Egyptian President Hosni Mubarak has reportedly used the 18 days of pro-democracy protests in the country to move his family's assets from European banks to Persian Gulf countries.

"We're aware of some urgent conversations within the Mubarak family about how to save these assets," a senior Western intelligence source told the daily Telegraph.

"We think their financial advisers have moved some of the money around," he went on to say.

"If he had real money in Zurich, it may be gone by now," he further explained. More...

Don't miss:
  1. Mubarak’s net worth estimated at USD 40 to 70 billion...
  2. Egyptian president's son 'flees to London with 100 pieces of luggage...'
  3. Is he in a coma? Mubarak health rumours circulate...
  4. Berlusconi: " Hosni Mubarak is the wisest of men..."
  5. Tunisian President Zine el-Abidine Ben Ali and his family's 'Mafia rule' 

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