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Mubarak Still Has His Billions | IPS ipsnews.net

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.

via Mubarak Still Has His Billions – IPS ipsnews.net.

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