Gamal Mubarak in trouble
Photo: AP

Report: Mubarak's son benefited from deal with Israel

Egyptian prosecutors suspect that ousted president's son took share of earnings in gas deal with Israel

Gamal Mubarak, the son of Egypt's ousted president, is suspected of taking a 5% share of the earnings of the country's gas deal with Israel, Egyptian newspaper al-Masri al-Yaum reported Saturday.


According to the report, prosecutors presented their various findings on the case to Gamal Mubarak, including records of his assets outside Egypt. Former President Mubarak's son reportedly signed a power of attorney allowing officials to examine his dealings overseas.


According to the report, investigators suspects that an unnamed Egyptian businessman also took 5% of the earnings, while another Mubarak son, Alaa, took 2.5% of the proceeds.


The gas deal that enables Israel to import gas from Egypt has stirred controversy since the toppling of President Hosni Mubarak, who was also interrogated over the issue. In recent months, the pipeline used for transferring the gas to Israel had been blown up twice, prompting the gas supply to be cut off.


Prosecutors suspect that the gas was sold to Israel at a low price, while cutting the supply to local consumers, with mediators in the deal taking proceeds into their own pockets.



פרסום ראשון: 05.07.11, 17:52
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