By Cam McGrath
"CAIRO - Ousted president Hosni Mubarak ran Egypt as his own private estate, carving up its resources and siphoning off its capital into offshore accounts. But he didn’t do it alone: he had help from his family and a few trusted friends....
Egyptian prosecutors are also putting together a case against Mubarak’s wife, 69-year-old Suzanne – whose reputation for extravagance and haute fashion have earned her tabloid comparisons to Marie Antoinette.
Anti-corruption investigators recently discovered that the former first lady maintained a secret account at the National Bank of Egypt with over 147 million dollars in donations from European countries intended for the Bibliotheca Alexandrina. The library’s administrators claim they were unaware of the existence of the account, for which Suzanne had sole signatory power.
The discovery appeared to confirm long-held suspicions that the former first lady’s involvement in various NGOs and charities was merely a front for capturing foreign donations. Investigators are now examining her other pet projects, including literacy campaigns, a peace movement, and a children’s cancer hospital....."
"CAIRO - Ousted president Hosni Mubarak ran Egypt as his own private estate, carving up its resources and siphoning off its capital into offshore accounts. But he didn’t do it alone: he had help from his family and a few trusted friends....
Egyptian prosecutors are also putting together a case against Mubarak’s wife, 69-year-old Suzanne – whose reputation for extravagance and haute fashion have earned her tabloid comparisons to Marie Antoinette.
Anti-corruption investigators recently discovered that the former first lady maintained a secret account at the National Bank of Egypt with over 147 million dollars in donations from European countries intended for the Bibliotheca Alexandrina. The library’s administrators claim they were unaware of the existence of the account, for which Suzanne had sole signatory power.
The discovery appeared to confirm long-held suspicions that the former first lady’s involvement in various NGOs and charities was merely a front for capturing foreign donations. Investigators are now examining her other pet projects, including literacy campaigns, a peace movement, and a children’s cancer hospital....."
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