Hosni Mubarak's family fortune valued at $1.3b

Sydney, June 21 (ANI): The wealth of former Egyptian president Hosni Mubarak and family is valued at 1.3 billion dollars.

Mahmud al-Hefnawy, a representative of state prosecutor, said reports from the Administrative Surveillance Authority, the Illicit Gains Authority and the Central Accounts Authority (three bodies responsible for monitoring public institutions) proved the family had nine billion Egyptian pounds.

According to the Herald Sun, Hefnawy said that the amount is made up of the value of their assets in cash and in shares in companies in Egypt.

Hefnawy said that the family's property also accounted for one billion Egyptian pounds of the total, but did not give further details, particularly on property overseas. (ANI)


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