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Egypt probes Mubarak fortunes; another Million March on Friday

Last Updated: Wednesday, April 6, 2011 - 21:26

Cairo: Egyptian authorities have formed
a committee to look into the fortune of ousted president Hosni
Mubarak, estimated to be upto USD 70 billion, while his son
Gamal has been hauled up and asked to appear before a panel by
the country`s new anti-corruption body.

The announcement came as pro-democracy protesters have
called for another March of Million at Tahrir Square on Friday
to press for a trial of the ousted president.

The Supreme Council of the Armed Forces (SCAF) has
ordered the formation of a judicial committee, headed by Judge
Mohamed Assem El-Gohary, to look into allegations about the
Mubarak family`s fortune and their illegal possession of real
estate and accounts abroad, Ahramonline reported.

The committee will have the authority to take
necessary action to freeze any illegitimately gained assets
and prohibit Mubarak or any other member of his family from
gaining access to them.

The allegations were initially based on estimates of
the Mubaraks` fortune from a report by the British newspaper
TheGuardian,which published a story saying that the Mubarak
family fortune was between USD 40 billion and USD 70 billion.

Gohary is to take any legal or criminal procedure
against the president regarding complaints against the
incremental increase in the fortunes of Mubarak and his family
members. Meanwhile, the media for the first time mentioned
that the ousted president is suffering cancer colon.

Nevertheless the Coalition of youth of the Egyptian
revolution have submitted an official request to the SCAF
requesting them to try Mubarak and his family in Al-Tahrir
square next Friday where a march of a million is being
organised.

Meanwhile, Mubarak`s younger son Gamal has been hauled
up and asked to appear before a panel by the country`s new
anti-corruption body to explain sudden spurt in his wealth.

Mubarak`s son is the third influential figure in the
erstwhile regime to be hauled up. The former President`s Chief
of Staff Zakaria Azmi would be quizzed on Friday. The regime`s
former interior minister is in jail slapped with corruption
charges.
The former President currently under house arrest in
the Red Sea resort town of Sharm-al-Sheikh, would also face
corruption charges, the official MENA news agency reported.

Today in Cairo hearings in cases of illicit gains
began with presidential secretary Zakariya Azmi.

Next week there will be hearings of son of the
ousted president, Jamal Mubarak. Mubarak, his wife Suzannea
and two sons Alaa and Gamal and their wives have already been
banned from travelling abroad and their assets ordered frozen
by the new Prosecutor General Abdul Majid Mahmud.

Media reports have noted that the state of the
ousted president, currently in Sharm al-Shaykh, is
deteriorating as he was counting on SCAF to hinder presenting
him to court.

PTI

First Published: Wednesday, April 6, 2011 - 21:26
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