Son of Egypt’s former president Mubarak says family clear of corruption charges

The Arabnews reported, citing the Associated Press, the son of Egypt’s former president said Tuesday (May 17) that he and family members were innocent of corruption charges made in international courts after the country’s 2011 popular uprising.

His statements came after years of attempts by the deposed president’s family to rehabilitate its image as it faced litigation in Egypt and abroad.

In a video statement released online, Gamal Mubarak, the son of former Egyptian president Hosni Mubarak, said that recent court decisions in the European Union and elsewhere demonstrate their innocence, but did not explain how the family had amassed its significant wealth.

In February, a massive leak of Credit Suisse clients’ information showed Gamal Mubarak and his brother, Alaa, to have held at least $197.5 million in the bank at one point in time.

Gamal Mubarak sits behind bars at the second session of his trial on charges of insider trading in Cairo Criminal Court in Cairo, Egypt. (AP/File)

He said in a video statement released on YouTube: “The facts have now been established, and the false allegations have been unequivocally rebutted. The historical record has thus been independently and judicially corrected." He blamed Egyptian judicial authorities for taking the issue to international courts.

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The 2011 protests were built on calls for an end to deep-rooted embezzlement and government corruption in Egypt, and growing concerns that Gamal Mubarak would be set up to succeed his father, who was in power for nearly 30 years. The international anti-corruption group Transparency International has estimated that as president, Mubarak stole some $70 billion in public funds. The former president died in 2020, aged 91.

In April, Swiss prosecutors decided not to file charges after concluding a decade-long investigation into alleged money laundering and organized crime linked to linked to Mubarak’s circles in Egypt. They also said they would release some 400 million Swiss francs — $430 million — frozen in Swiss banks.

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The same month, the General Court of the European Union ruled that the rights of Mubarak’s wife, two sons and their wives had not been respected during an local Egyptian investigation of his assets, on which the prosecution was depending. The ruling meant EU sanctions on the Mubaraks’ accounts were deemed unlawful, and lifted. Gamal Mubarak said his family was being reimbursed for their legal costs related to the case.

Transparency International condemned the move, saying it would show corrupt leaders around the world that they can act with impunity.

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The EU and Swiss investigations were part of a series of court proceedings against the Mubaraks in the wake of the mass protests. The father and the two sons were first detained in April 2011, two months after the uprising forced Mubarak to step down as part of the Arab Spring protest movement. A leading military council was established in his place, which then gave way to the divisive Islamist president Muhammad Mursi after elections in 2012. Mursi was later deposed by the military amid more popular protests.

Following a lengthy trial, Hosni Mubarak was acquitted of killing protesters during the 18-day uprising against his autocratic rule.

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The two sons and their father were sentenced to three years in prison following their conviction of embezzling funds set aside for the restoration and maintenance of presidential palaces, using the money to upgrade their private residences. The sons were released in 2015 for time served, while Mubarak walked free in 2017. The trio paid back to the state the money they embezzled.

The sons were briefly detained in Sep. 2018 pending their trial on charges of stock market manipulation. But they were released a bail of 100,000 pounds ($5,600) each after an appeals court accepted a motion moved by their defense lawyers to remove the judge who ordered their detention, and in 2020 they were acquitted.

Source: arabnews