Credit Suisse leaks reveal money siphoned abroad by Alaa and Gamal Mubarak

Credit Suisse leaks reveal money siphoned abroad by Alaa and Gamal Mubarak

Media reports circulated leaked data from the Swiss bank “Credit Suisse”, highlighting the hidden fortunes of many clients, including political figures, former and current rulers, and figures involved in serious crimes.

According to the BBC, media organizations said they had seen the leaks indicating that they included information on bank accounts belonging to several prominent Arab personalities from Egypt, Jordan, Algeria, Oman and others.

The Guardian newspaper reported that bank accounts in Credit Suisse belonging to figures affiliated with the regime of the late President Hosni Mubarak.

Most notably his two sons, Alaa and Gamal, who established a business empire in the country, according to the newspaper.

The newspaper indicates that the two brothers’ relationship with the bank lasted for decades, and the first joint account was opened for them in 1993.

By 2010, a year before their father’s ouster, one of the accounts belonging to Alaa Mubarak contained 138 million US dollars.

In turn, the New York Times newspaper, citing the leaks, said that the total number of accounts owned by the brothers Alaa and Gamal Mubarak in Credit Suisse amounted to six accounts, including a joint account worth 196 million dollars in 2003.

Each of the sons’ fathers-in-law also had accounts at the bank worth