22.02.2011, 17:12 4250

Egypt'a prosecutor called for ex-president's investigation

Egypt's top prosecutor has called for an investigation into the Egypt's ex-president assets, Kazakhstan Today reports.

Almaty. February 22. Kazakhstan Today - Egypt's top prosecutor has called for an investigation into the Egypt's ex-president assets, Kazakhstan Today reports.

Egypt's top prosecutor called for an investigation into how the Mubarak family may have amassed up to $70 billion, GlobalPost reported.

Egyptian Prime Minister Ahmed Shafik meets with his British counterpart David Cameron (R) in Cairo on Feb. 21, 2011, the first trip by a foreign leader to the Egyptian capital since the downfall of longtime president Hosni Mubarak. Feb. 22, 2011.

Authorities in Egypt have frozen the assets of former President Hosni Mubarak and his family, state-run media reported Monday, 10 days after the president stood down amid mass rallies.

Prosecutor General Abdel Magid Mahmud asked the Egyptian foreign minister to contact other nations on the issue, and at the same time requested an investigation into Mubarak's assets, prompted by citizen complaints, Egyptian state television reported.

He said the freeze would apply to Mubarak, his wife, his two sons - including Gamal Mubarak, now reportedly in hiding - and two daughters-in-law.

Mubarak is widely thought to have amassed a fortune of anywhere up to $70 billion during his nearly 30-year stay in power.

Gamal Mubarak, 47, who was widely expected to take the reins of leadership from his father before the January uprising that deposed the ex-leader, was said to be living in a multi-million-dollar mansion in one of the most prestigious areas of London.

According to an investigation carried out by the Evening Standard, the house-keeper had probably been informed to tell reporters that the house had been sold and that the Egyptian dictator's son no longer lived at the address.

A British Citizen, Gamal worked at the London office of the Bank of America as an investment banker in the 1990s and afterwards set up his own private equity fund, Medinvest.

Many protesters and anti-corruption campaigners have been pressing prosecutors to open an investigation into the Mubarak family's assets.

On Saturday, Egyptian Prime Minister Ahmed Shafiq responded to a reporter's question on the matter by saying he only knew what he "read about Mubarak's wealth in the newspapers and in the media, just like everyone else," CNN reported. Shafiq said that any action on the former president's assets was up to the country's Military Council.

Mubarak's legal representative on Monday denied reports that the former president had grown wealthy while staying in office.

"Hosni Mubarak has submitted his final financial statement to the concerned judicial bodies according to the law," the representative said, according to Egypt's Mena news agency.

Mubarak stepped down as Egypt's president on Feb. 11 following 18 days of unrest in the country.

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