Mubarak family’s wealth “could reach RM213bn”

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“Mubarak family fortune could reach $70bn, say experts – Egyptian president has cash in British and Swiss banks plus UK and US property”.

That’s the headline of a Guardian report.

I can’t say I am surprised. He joins the ‘illustrious’ ranks of US-backed dictators such as Suharto, the Shah of Iran, and Marcos, who enjoyed fabulous wealth while their people suffered from poverty and repression. That’s also what happens when the political elite mix business with politics and engage in lots of corporate wheeling and dealing.

Here’s an excerpt from the Guardian report:

President Hosni Mubarak’s family fortune could be as much as $70bn (£43.5bn) according to analysis by Middle East experts, with much of his wealth in British and Swiss banks or tied up in real estate in London, New York, Los Angeles and along expensive tracts of the Red Sea coast.

After 30 years as president and many more as a senior military official, Mubarak has had access to investment deals that have generated hundreds of millions of pounds in profits. Most of those gains have been taken offshore and deposited in secret bank accounts or invested in upmarket homes and hotels.

According to a report last year in the Arabic newspaper Al Khabar, Mubarak has properties in Manhattan and exclusive Beverly Hills addresses on Rodeo Drive.

His sons, Gamal and Alaa, are also billionaires. A protest outside Gamal’s ostentatious home at 28 Wilton Place in Belgravia, central London, highlighted the family’s appetite for western trophy assets

Don’t you think it’s time we had our own investigations into the wealth of some of our own politicians and their families, especially those with ostentatious life-styles?

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charlie chan
charlie chan
7 Feb 2011 4.49pm

in la la land. malaysians are a forgiving lot. you (can) plundered … yet get elected every 5 years. so life goes on. what a lovely nation.

now the great one is spewing venom n provoking one community against another to show how he loved malaysia . this is gratitude n kindness shown to all malaysians, correct correct correct….

tunglang
tunglang
7 Feb 2011 8.45pm
Reply to  charlie chan

Seriously not a joke, neither a nonsense. Unless ye are the uptight red-necked British.
Mr Bean couldn’t disagree any further than a joke.

Maria Abdulah
Maria Abdulah
7 Feb 2011 11.58am

Tun Apanama… was in power as a PM for 22 years in bolehland compared to Mubarak;s 30 years as president of Egypt…..

joe
joe
7 Feb 2011 11.50am

Anil – given your following how about starting a site where info on our politicians and their wealth can be posted.

Sean
Sean
7 Feb 2011 4.41pm
Reply to  joe

I think that would be an invasion of privacy and possibly actionable in court. If it was a collection of already public-domain information it might be quite good, as long as you can find people to submit links to / images of public documents. It seems to me that Malaysian websites which invite people to write antagonistic / sycophantic nonsense or submit trite ‘articles’ are very popular. I’m not sure a website that required its visitors to do something useful would enjoy quite the same success. If you start such a site and post the link here, I promise to… Read more »

tunglang
tunglang
7 Feb 2011 8.43pm
Reply to  Sean

Boring! Cliche! Cultured Pearl! (British accent thro’ the nose)

Yang
Yang
7 Feb 2011 10.01am

How much does Taib own. How much does the cronies … get from the US6 billion for 6 patrol boat. Surely it does not cost 1 billions to build a patrol boat. It would be stupid and naive of the people not to kick out Taib and PM together with their weaklings at next election. We do not need to use violence but our votes to kick them out. Hopefully the rural poor will come to their senses.

tunglang
tunglang
7 Feb 2011 8.15am

Unless there is the fear (in these thieves) of political, social and moral CHANGE, actionable impartial investigation and harsh prosecution, or the worst of indescribable worst for these thieves, the dreadful price of SIN is eternal damnation in HELL, nothing will ever happen.

Life goes on under the wonderful swaying coconut trees and deep blue sky of BolehLand of the Tidak Apa, Tak Payah, Tak Nak.

Time for morning coffee (to clear my brain of negative ions) at my favourite kopitiam, not the narrow side lane mm stalls off Macalister Road.

Intelok Maniam
Intelok Maniam
7 Feb 2011 12.01pm
Reply to  tunglang

What talking you about damnation of hell when one can safely cleansed all the sins by just paying a visit to the Holy land!!!!

Even a murderer with C4 can get away with the sin.

tunglang
tunglang
7 Feb 2011 4.41pm
Reply to  Intelok Maniam

Just like those laughing, dining, wining, wicked, egoistic unbelievers who finally perished when the flood finally came in and the only door of hope (narrow the way to salvation from God’s punishment) to Noah’s Ark was finally closed. No amount of judicial bribery, gold, silver, cleansing of physical bodies or altar sacrifices could save a single soul out there in the longest flood. Not even giants of those days. Man still thinks he is more clever, ingenious and righteous than God in-spite of His expression of what He means for haughty man today – massive floods, forest fire, heat waves,… Read more »

Mat Sempoi
Mat Sempoi
8 Feb 2011 10.56am
Reply to  tunglang

Mr Tunglang

I do not want change as BN has consistently give me >8% return on my Amanah Saham Bumiputera, which has outperform any unit trusts.

My son will buy a bangalow house soon, thanks to the 15% discount for bumiputera.

Life have been good since my grandfather started the trend to vote for Umno. My grandchildren will continue the trend.

tunglang
tunglang
8 Feb 2011 5.08pm
Reply to  Mat Sempoi

For how long? Don’t bet on it, brother. You do not know how to prepare for the worst in life. Life in Malay-sia has taught us non-prince of the earth how to survive and prosper in our decent, hard working ways, come rain or shine. And we use our brains more than our covetous hearts for greed for the easy life with crutches. And we walk tall, holding our heads high on our tough life’s journey for the watching world to see, to learn and to tell as a legacy. A life of pride is more cherished than a life… Read more »

johanssmKhunPana
johanssmKhunPana
7 Feb 2011 6.04am

The Malaysian mass medias censored out a lot of information regarding the Fat ladies of Tunisia , Egypt and Jordan.
Are our local medias protecting our very own Glokal Fat Lady of Malaysia?

ericind
ericind
6 Feb 2011 8.34pm

TDM’s (son) ALSO (HAD SHARES) IN SAMIGUEL BEER CO FILIPHINE… SO WAT S THE FUSS.

john smith
john smith
6 Feb 2011 5.51pm

i think all the money of any leader of any countries (this included all the extended family) must be given into the country …. only to be return with “the average” pension saving of the country once they get out of office … thus it would country leader work a lot harder to raised the “pension” average the country ……… 🙂 work less … they get less pension!!! and once retired …. not allowed to ever leave the country

harpy
harpy
6 Feb 2011 1.54pm

Most of our pirates have blown up their wealth. We have no wealth left to tackle current poverty and the comming challenges of climate: disasters and preventive publc works….

cats
cats
6 Feb 2011 1.09pm

Nothing will happen here. People in Bolih Land are known as Good life Kids.

If you want to see thousands of people coming out to support for any activity all you have to do is just throw an Open House Party or any Sales offer.

Revolution ? sory lah . as long it does not affect my family or children No Eye See.

Ho mia kia.

super chokra
super chokra
6 Feb 2011 10.39am

What about the value of properties own by, families of Mahthir, Samy, Ling, Najub, Daim, and many more……?

Nik Aziz, Lim kit sing, Karpal singh and more…..?

tunglang
tunglang
6 Feb 2011 9.34am

The greedy, lying, stealing leeches shall burn in hell. One of the reasons why we should advocate the return of people power to make this nation a better place for all to live, prosper and unite as one Malaysia.
For those in the league of thieves of our national coffer … listen to this sound from hell (and be prepared for the worst to come or change for the better):

tunglang
tunglang
6 Feb 2011 4.21pm
Reply to  tunglang

Anil, my edited ending sentence is meaningless. Unless these thieves hear the terror of true recorded hell sufferers from beneath, I don’t think nothing of any great persuasion will help them. This is but a small contribution to their hope for change and rejection of the lust for illicit wealth, power and oppression of God’s creation.

apaijabu
apaijabu
6 Feb 2011 8.49am

No big deal. Taib Mahmud (allegedly may be) worth more than Mubarak’s. That’s why Sarawakians are so proud of him.

wandererAUS
wandererAUS
6 Feb 2011 8.39am

Holy smoke! Two … modern dictators…rule the land …

In Sarawak, we have a rajah peh moh, … tall timbers and deception!..land grab.

The Egyptian president Mubarak greased the Yankee’s… to the extent of doing the dirty work for CIA, abusing human rights…torturing terrorist suspects in Egyptian soil. Both these men should be tried…

kingkong
kingkong
6 Feb 2011 12.23pm
Reply to  wandererAUS

Better condemn the Aussie Government too. They are doing the outsourcing job of Uncle sam Government, happy to be 52nd state and have to come out of its own pockets

Karib Peka DM
Karib Peka DM
6 Feb 2011 8.20am

Apa wnag keluar dari Malaysia pun ta’boleh disiasat sebab (siapal) beri arahan, cakap besar mahu siasat duit yang dicuri dari Perbedaharaan.

Mike
Mike
6 Feb 2011 1.19am

shame on his allies who supported him all these years.

Maria Abdulah
Maria Abdulah
8 Feb 2011 11.03am
Reply to  Mike

Najib knows that Sarawak is one of BN’s fix deposits. And Taib Mahmud (despite all the corruption allegations) has many supporters. Najib is more concern about ensuring continued support of Sarawakians via Taib Mahmud rather than to focus on battling corruption.

Action speaks louder than words. Staying in power is Najib’s no 1 priority. Fighting corruption is secondary.

Phua Kai Lit
Phua Kai Lit
5 Feb 2011 11.08pm
Yasser
Yasser
8 Feb 2011 11.17am
Reply to  Phua Kai Lit

At the BN Open House in Penang, the DPM told the Penang CM to ” be fair to all—to the malays, the chinese and the indians”. I was not there, or else I would had asked uncle moo why my neighbours received 10% off the purchase price of their houses when we are all doing the same work and getting the same pay…. M… siad that UMNO now is corrupt and cares only about contracts and APs. That implied that he was clean and was never involved in making UMNO what it is. Everybody in Malays knows he contribution to… Read more »

bcc
bcc
5 Feb 2011 11.02pm

taib must be kicking himself. what, mubarak did much better than me? lets play monopoly and sees who wons more prized assets,huh.

Salehudin
Salehudin
8 Feb 2011 10.34am
Reply to  bcc

You don’t need to move to secularism to advance this country. Firm religious beliefs in true compliance with the holy books would be fine, because all religions teach us to be good, virtuous, and avoid the sins of theft, debauchery and the taking of lives. UMNO are nothing more than a bunch of hypocrites who steal, commit unspeakable crimes…. They control the media and the prosecutory organs, so they do not get caught, and they suppress the truth. These traits are not in accordance with Islam, but they get away with it. Because they can, and they just ignore your… Read more »