Monday, February 14, 2011

'Mubarak Began Moving Assets to Gulf States Weeks Ago'

THE JERUSALEM POST: Senior Western intel official to 'The Telegraph': "If he had real money in Zurich, it may be gone by now"; Gamal Mubarak center of family's wealth.

A senior Western intelligence official alleged that deposed Egyptian president Hosni Mubarak began moving his family's assets from European banks to Persian Gulf countries several weeks ago, The Telegraph reported Sunday.

"We're aware of some urgent conversations within the Mubarak family about how to save these assets," the official told The Telegraph. "We think their financial advisers have moved some of the money around," he added, "If he had real money in Zurich, it may be gone by now." >>> JPost.com staff | Sunday, February 13, 2011