Hosni Mubarak's family wealth valued at HK$9.9b

PUBLISHED : Saturday, 22 June, 2013, 12:00am
UPDATED : Friday, 21 June, 2013, 11:36pm


Authorities in Egypt have valued the wealth of former dictator Hosni Mubarak, his wife and their two sons at nine billion Egyptian pounds (HK$9.94 billion), the state prosecutor said.

It is the first time that an official source has given a figure for the Mubaraks' wealth, the subject of speculation since a popular uprising in February 2011 toppled the regime.

"Reports from the administrative surveillance authority, the illicit gains authority and the central accounts authority [responsible for monitoring public institutions] proved" the family had the fortune, Mahmud al-Hefnawy, a representative of the state prosecutor, said.

The personal wealth of the wives of Alaa and Gamal Mubarak, Heidi Rassekh and Khadiga al-Gamal, was also included in the figure which was said to be held in cash, shares and property.

Mubarak, 85, and his two sons are being held in a prison south of Cairo.

Mubarak was last year sentenced to life in prison for corruption and in connection with the murder of demonstrators during the revolution, but he is being retried on appeal.

His two sons are also being held on corruption charges, while his wife and daughters-in-law have been freed and do not face prosecution.