Egypt: Mubarak sons have millions in Swiss banks

[struggle4progress]

MAGGIE MICHAEL, Associated Press
Updated 08:03 a.m., Monday, October 17, 2011

CAIRO (AP) — The two sons of ousted President Hosni Mubarak have an estimated $340 million in Swiss bank accounts, a senior Egyptian Justice Ministry official said Monday.

Assem al-Gohary said Swiss authorities are investigating whether one of the sons, Alaa, was involved in money laundering along with other ex-regime figures. At home, Mubarak and his sons have been charged with corruption and all three are under arrest. Mubarak is also charged with complicity in the killing of about 850 protesters during the Jan. 25-Feb. 11 Egyptian uprising.

Rumors circulated during the uprising Mubarak and his sons amassed tens of billions of dollars in corrupt practices, helping drive the anger that brought him down.

Switzerland has already frozen the assets of the Mubarak family and other ex-Egyptian regime figures, which al-Gohary estimated at nearly $450 million. He added that most of those assets belong to the sons ...

http://www.seattlepi.com/news/article/Egypt-Mubarak-sons-have-millions-in-Swiss-banks-2222175.php