Mubarak regime stalwarts confess to corrupt business dealings

Officials and businessmen from former President Hosni Mubarak’s regime confessed on Monday to corrupt business dealings during the former regime and revealed the extent of their fortunes.

The first confession came from businessman Hesham Talaat Mostafa, who was sentenced to 15 years in prison for his part in the murder of Lebanese singer Suzanne Tamim.

Mostafa confessed to selling housing units in the Madinaty land project at below market prices to both Gamal and Alaa Mubarak, sons of ousted President Hosni Mubarak. He said the sale came as part of the project’s marketing policy.

Meanwhile, former Housing Minister Mohamed Ibrahim Suleiman confessed to owning an apartment in Paris and holding the equivalent of LE30 million in a European bank account.

Translated from the Arabic Edition

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