Its amazing that a lifetime of government wages has delivered great wealth and complete acquittal, in an Egyptian court, of any malpractice.
We know this because the Swiss government has declared his Swiss based assets. The figure is $US698 million. There are also the houses in London and all the money sent to Panama/Cyprus to evade Egyptian tax – so the final figure is likely to be over a billion.
However, all this is a western Jewish/Swiss lie because Mubarak’s lawyer said only a few months ago that Mubarak was penniless – but forgot to mention the 3 x Sharm palaces. We must assume he is a truthful Egyptian lawyer – albeit one who has not been paid for years of work because his client has no money.
The lawyer was recently at it again and claimed:
“Mubarak’s lawyer Farid Al-Deeb told Anadolu Agency that the former president does not have any funds outside of Egypt.”
He said this after the Swiss government announcement – so the Swiss are dreadful liars, Egyptian lawyers with no banking skills are always truthful and the 6 years of Swiss forensic investigations with 20 investigators is garbage.
Its interesting that no Egyptian media reported this official Swiss government announcement of his assets – but reports al Deeb poverty claims.
Mubarak might yet keep it because the Swiss will only take action in the following circumstances:
“Valentin Zellweger, the director of the taskforce on asset recovery at the Swiss Federal Department of Foreign Affairs (FDFA), said that the Swiss government requires evidence from an Egyptian court proving that the funds deposited in Swiss banks were obtained through illicit means, whether by corruption, embezzlement or money laundering.”
Other reports paint a negative picture of lack of current Egyptian action and, therefore, the possible return of the money to its ‘owners’: https://www.middleeastmonitor.com/20170 ... pendently/
Earlier Egyptian action, under a different government, was more aggressive.
There also seems no Egyptian action following the Panama Papers leak which provided original documentation on a lot of Egyptian millionaires, including the Mubaraks, and the banks and bankers, all of whom still work in Egypt, who ‘did it’. Maybe those leaks were Jewish/Western/US propaganda as well.
All we need is for the UK government to ask some questions about the 10’s of millions they have in London real estate – and even this is probably the tip of the iceberg. Alaa ‘owns’ an Stg8 (old valuation) million Knightsbridge (maybe Chelsea but the address is unknown) property. https://www.ft.com/content/f454e3ec-fc0 ... 0dca6d0a0d
Gamal lived on an off over 16 years at 28 Wilton Place Knightsbridge but states that he doesn’t own it, his employer Bank of America (for a small period of time) paid rent and doesn’t know who owns it. His daughter was born in London and this was given as her parent’s address (10 years after he resigned from Bank of America) and it was the permanent registered address of his UK company –MedInvest. Its not unattractive, has 6 floors and is ‘owned’ by a Panama company controlled by a friend of his father. Odd that he doesn’t know its owned by a mate of his father and someone he knows. The Panama Papers are strong, but indirect, evidence that its owned by the Mubaraks – only the UK government is doubtful. Here it is:
If he is to be believed the question is how he paid the rent when he was a junior banker in London in 1996 . What is the guess - Stg250,000 pa (in current terms) rent plus servants and outgoings. A 5% yield on the old valuation would require a current rent of at least Stg450,000 pa. He is lucky the UK government conveniently excluded this house from their ‘freeze’ of his assets and was also slow to freeze MedInvest giving him time to sell his company off and move the proceeds to a ‘haven’. Unexpectedly the Swiss acted swiftly.
The many Mubarak supporters on this forum who live in the UK should do a respectful pilgrimage to the house - draped in an Egyptian flag. Its near Harrod’s.
The Washington Post reckons they also own houses in New York and Los Angeles. Others say they own property in Paris. http://www.washingtonpost.com/wp-dyn/co ... 03767.html
I think what all this shows is that a long life and frugality can make even a public official hugely rich from just a government salary. In 2007/08 Mubarak Snr’s official salary was $US808 per month.
I’m sure everyone was at it because Global Financial Integrity, a Washington DC-based research and advocacy group, said $57 billion flowed out of Egypt between 2000 and 2008 – and I don’t think that much of this was repatriated multinational profit. Imagine what left in the months before January 2011 from the ‘specialist’ bank that was not regulated by the Central Bank of Egypt, paid no tax, was outside Egyptian courts and legislation and was exempt from exchange controls. https://dailynewsegypt.com/2012/06/20/a ... orruption/ and https://dailynewsegypt.com/2012/06/20/a ... orruption/. This bank stills seems in ‘business’ https://egyptianchronicles.blogspot.com ... er+at+null. The World Bank had been telling Egypt for years, and in public, that it was a door of corruption – along with 2 other banks in Egypt.
Global Financial Integrity reckon that the illicit outflows were about $US9 billion in 2012-13. They also think there were other ‘irregular’ outflows in the billions. But they are funded by the imperialists – the Ford Foundation – so they are surely liars by Egyptian standards. Some might wonder what the Central Bank of Egypt is doing to protect the poor citizens of Egypt from being pillaged by the rich but I'm sure they are doing an a 'appropriate' job.
To date the Mubarak’s haven’t paid back a penny – but that’s because, as their lawyer says, they are penniless. How they feed themselves is a mystery.
Their truthful Egyptian lawyer has form – but maybe not for truth. Prior to the dismissal of the Egyptian government corruption investigator into fraud, al Deeb, was himself being looked at for corruption and tax fraud. http://english.ahram.org.eg/NewsContent ... 0El%20Deeb. But nothing has happened since that investigator was fired so I’m sure he is ‘pure’.
In the 90’s he defended an Israeli spy at which time 12 local lawyers signed a petition stating that he "polluted the distinguished history of the Lawyers' Syndicate". More interesting would be to know who paid the Israeli spy’s Egyptian legal fees. Maybe al Ahram should ask al Deeb that – and whether the fees were paid into an Israeli bank account. I’m sure he has a good answer.
He has also been very ‘successful’ in getting acquittals for a number of Mubarak mates charged with fraud and corruption. I think he has a 100% success rate - probably because no-one did anything wrong. I doubt that, with his success rate with rich people, he works for free – but he must be the most successful lawyer in the world and such people are rarely cheap. Expatriates in legal trouble should hire him – he might do it for free - if you are penniless like the Mubaraks.
No-one local is asking how Mubarak could, on the one hand, be acquitted of all wrongdoing in Egypt but, on the other hand, be hugely rich from ‘undisclosed’ sources.
As for the sons they are business geniuses not crooks – they returned a 1.2 million% gain on their investment over a 10 year period – that’s 120,000% a year and 320% per day (non-compounded) which must make them the best businessmen in the history of the world. https://www.madamasr.com/en/2016/10/20/ ... l-mubarak/.
The sons are not currently in business but the banks and financial advisors who helped them are still free and active in Egypt – so expatriates looking for ‘sound’ financial advice should head off to Cairo quickly. The fact that these advisors are still free and active 'proves' they did nothing wrong.
