The Hunt for Mubaraks’ Wealth Reaches the Suez
Dr. Abdel Khalak Farouk is back again with accusations against Mubarak and Zakaria Azami. He is accusing both men of taking money from Suez Canal revenues.
Dr. Farouk told Original Dostor that every year part of the revenues went to a “black box” no one knew. Dr. Farouk alleges that even now no one knows its bank account details except Zakaria Azami and former President Mubarak. According to the law the president can open black boxes and secret accounts.
If you think that this is outrageous , well wait for more.
An economic expert at Al Ahram political and strategic studies has revealed that every year LE 2 billion has been allocated from Egyptian funds to the development and expansion of Suez canal. However, Egyptians have seen few, if any improvement works to the Suez Canal.
Dr. Farouk reported both matters to the general prosecutor with reports and files demanding an investigation.
Dr. Abdel Khalak Farouk previously exposed financial corruption during the Mubarak era, notably during periods of privatization.
This wonderful diagram by Engi El-Haddad shows you the trail of the funds based on the information we know.
You can see the diagram on two parts here.
Separately, anti-corruption groups asked the authorities of UAE to take action over the possible transfer assets of Mubarak and Ben Ali.
Al Masry Al Youm has published a very interesting report that the Mubaraks got new codes in the stock exchange on February 28th , 2011 based on documents the newspaper has obtained. It was on the same day the general prosecutor froze their assets .
Here is a copy from the list sent from the EU to freeze the Mubaraks’ assets.
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