Monday, February 14, 2011

'Mubarak Moves Assets to Persian Gulf States'

"We're aware of some urgent conversations within the Mubarak family about how to save these assets," a senior intelligence official told the daily Telegraph.

"We think their financial advisers have moved some of the money around," he went on to say.

"If he had real money in Zurich, it may be gone by now," he further explained.

The former Egyptian president allegedly transferred a fortune to friendly Arab states, including the United Arab Emirates and Saudi Arabia.

Mubarak has been accused of amassing huge sums of money -- between 40 to 70 billion dollars -- during his three decades rule.'


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