'Mubarak began moving assets to Gulf states weeks ago'

Donald Trump remarked during C-PAC week, Mubarak and Egypt had received $1.5 Billion annually in US foreign aid. Mubarak's personal wealth is estimated at $70 Billion. Considering Mubarak was in charge for 30 years it is somewhat easy to make the leap, $45 Billion of that fortune came from US taxpayers.

If I'm not mistaken, Egypt like Israel receives US foreign aid not in the form of US currency, but in military equipment sales. The congress in granting a $1.5 Billion annual aid package to Egypt was actually giving that nation a giant prepaid gift card redeemable at the Pentagon. Egypt's military would order xyz in US military hardware and it was paid for by the legislative aid grant. We didn't supply Mubarak with US gold bars. He got those bars by extorting Egyptian corporations.

Trump could claim it was $45 Billion Mubarak didn't had to pay out himself, for M1 tanks and F16 fighters. Trump the businessman could justify a repossession suit, but what he overlooks is Hosni Mubarak kept the peace for 30 years with Israel. Mubarak was a pro America Arab ally. Speaking for myself that $45 Billion was the best money we've spent in a long time. Thirty years of peace for $45 Billion, what would we have spent during 30 years of war in that region? The tanks and jets are still in Egypt, Mubarak hasn't taken those with him. Obama's stimulus blew $800 Billion in 2009, what do we have to show for that?

Mubarak's personal wealth is a beef between him and the Egyptian businesses he extorted. If Trump wants headlines he should be bitching about the money and office Obama has hijacked.

Steve
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By JPOST.COM STAFF
02/13/2011 09:56


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."

Suggesting that Mubarak's suspected bank transfers were inspired by deposed Tunisian president Zine El Abidine Ben Ali, who had his assets frozen by European banks after fleeing to Saudi Arabia, the US intelligence source said: "There's no doubt that there will have been some frantic financial activity behind the scenes," according to the report.

"They can lose the homes and some of the bank accounts, but they will have wanted to get the gold bars and other investments to safe quarters," he told the London-based paper.

Middle East specialist for the anti-corruption group Transparency International Arwa Hassan speculated to The Telegraph that the Mubarak family's financial wealth is centered around the deposed president's son and one-time expected successor, Gamal Mubarak. "It was really common for Gamal Mubarak to approach a successful business and say, make me a partner in your business," she said.