Le Figaro, February 6, 2011
According to experts cited by the British newspaper The Guardian, the fortunes of the Mubarak family could reach $ 70 billion as a result of business partnerships with foreign companies.
The Egyptian people openly calling for his departure, but Hosni Mubarak clings. While about 40% of the population (Egypt has 80 million inhabitants) live on less than three dollars per day, the British newspaper The Guardian reported Sunday that according to experts from the Middle East's family fortune Egyptian President would be between 40 and 70 billion dollars. It would be divided as such: $ 15 billion for Hosni Mubarak, one billion to his wife Suzanne, eight billion for his eldest son, Alaa, and 17 billion for his second son, Gamal. By comparison, the couple's Ben Ali is estimated at five billion dollars, as ranked by Forbes magazine. And that of the richest man in the United States, Bill Gates, to 54 billion.
According to Algerian newspaper Al Khabar, much of the wealth of Mubarak would be deposited in banks or invested in real estate. The Mubarak family would own and outside of Egypt, properties in the United States, Great Britain (Including mother and son holding the nationality), France, Switzerland, Germany, Spain and Dubai. Finally, two son, Gamal and Alaa created and taken stakes in many companies in Europe and the United States. A belief in the Australian television channel ABC News, the former had started its business in the 80's by speculating on the debt of his country on the international financial market. With the profits, he acquired military lands to the lowest price he sold to investors. The product was poured directly into bank accounts in Europe.
corrupt regime
This enrichment lightning does not surprise the experts. According to Christopher Davidson, a professor of Middle East politics at the University of Durham, Mubarak, his wife and son two "were able to accumulate such wealth in a number of business partnerships with companies and foreign investors, when he was a general in the army and in position to benefit from corporate corruption. " He added: "Almost all projects need a sponsor and Mubarak was well placed to take advantage of all offers. There was much corruption in this regime and a stifling of public resources for personal purposes. "
Most Gulf states require foreign companies to give a local partner 51% of units in new start-ups. "In Egypt, the figure is usually closer to 20% but it still allows politicians and their close allies in the military have access to huge profits without down payment and with little risk," says Princeton professor. It is for this reason that McDonald's refused to settle in Tunisia.
These practices are comparable to those of other leaders Regional, according to Amaney Jamal, professor of political science at Princeton University. "This is the model used by other dictators in the Middle East so that their wealth is not entered during a change of power. These leaders include such cases, "he says.
0 comments:
Post a Comment