Official report: Mubaraks’ wealth exceeded official income

Former President Hosni Mubarak and his family accumulated wealth in quantities that exceeded their official and declared sources of income, a newly released official report revealed on Monday. The report was prepared by Egypt’s Administrative Control Authority, and was sent to the Ministry of Justice’s Illicit Gains Authority.

Mubarak and his two sons, Gamal and Alaa, are currently being investigated over allegations of financial corruption and the abuse of power. The trio is also accused of instigating acts of violence against pro-democracy protesters during the 25 January revolution that brought down Hosni Mubarak’s regime.

According to the report, a large part of the Mubaraks’ wealth was held in properties, including villas, chalets, and luxury apartments, mainly concentrated at Sharm al-Sheikh, New Cairo, Ismailia, and Alexandria. It added that the family’s wealth included large tracts of lands, including farmland, in various locations nationwide.

Gamal and Alaa are now being held at Tora prison in Cairo, as are various other ex-officials of the Mubarak regime under investigation for corruption, including former premiere Ahmed Nazif.

However, Hosni Mubarak's exact whereabouts is unknown and subject to rumour. In recent days, he has been reported as staying in a hospital in Sharm al-Sheikh, which he entered on 12 April after suffering health problems during the first round of questioning. He was later said to have been transferred to a military-run hospital close to Cairo.

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