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Hosni Mubarak’s son to be questioned over Panama Paper leaks

Middle East News
Tue, 05 Apr 2016
GDN Online Desk


Cairo: The son of ousted Egyptian President Hosni Mubarak could be summoned soon for investigation over the Panama Paper leaks where his name appeared among other political figures.

Alaa Mubarak is alleged to have been involved in a money-laundering case in the British Virgin Islands (BVI), revealed the leaked Panama Papers, the largest in the history of journalism.

More than eleven million documents were leaked from Panamanian law firm Mossack Fonseca, which sells offshore companies to customers around the globe.

The documents also show how the firm helped clients dodge taxes, launder money and evade sanctions.

A source told Al-Shourouq that Alaa Mubarak would be questioned about his assets abroad, tax evasion and links with the Panama-based Mossack Fonseca.

Alaa and his brother Gamal, along with seven business tycoons, were charged in May 2012 as they illegally acquired a share from the governmental National Bank of Egypt via an offshore company located in Cyprus.






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