Egypt probes Mubarak fortunes; another Million March on Friday
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Last Updated: Wednesday, April 06, 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.


First Published: Wednesday, April 06, 2011, 21:26

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