Mrs Mubarak to give up assets

2011-05-17 09:44
Sharm El-Sheikh - The wife of deposed Egyptian president Hosni Mubarak has turned over her property and funds to the state, a move designed to settle the corruption allegations against her, officials and lawyers said on Monday.

Mubarak and his wife, Suzanne, have been questioned about their financial dealings. Some estimates put Mubarak's holdings in the tens of billions of dollars.

The prosecution of former regime officials, including the Mubaraks, has been one of the main demands by the activists who led the uprising that forced Mubarak to step down on February 11.

By relinquishing her claims, Mrs Mubarak is benefiting from articles in the law which allow those accused of making illegal gains of giving them up in exchange for dropping the investigation, said lawyer Nasser Amin.

The move could open the way for others who are in detention on accusations of abusing their powers to settle with the state by returning their money.

Suzanne Mubarak, 70, has been hospitalised following an order to detain her over allegations she took advantage of her husband's position to enrich herself.

Mubarak, 83, is also in the hospital under detention for investigation into his financial dealings. He is also facing allegations that he ordered a violent crackdown against protesters.

Demands of the revolutionaries


A prosecution official said the investigation by anti-corruption prosecutors disclosed that Suzanne Mubarak had about $3m in bank accounts in Egypt and owned a villa in the suburb where she and her husband lived. It was not yet clear how much money the Mubaraks had abroad.

The official, speaking on condition of anonymity because he was not authorised to disclose details, said the case against her has not yet been closed, but the settlement strips the case of its importance, and her detention order may be reconsidered.

Amin said the settlement clearly a "compromise" to let the former first lady go free, while her children and husband remain under detention, and to meet one of the demands of the revolutionaries, which is to retrieve wasted money.

He said not everyone will be pleased.

"The decision may not be accepted by society, who after a revolution, side with the idea of revenge. But from the legal point of view, this is in line."



- AP
Read more on:    hosni mubarak  |  suzanne mubarak  |  egypt  |  north africa
NEXT ON NEWS24X
SHARE:

Read News24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
2 comments
Add your comment
Comment 0 characters remaining
 

Inside News24

 
SPONSORED CONTENT
When is a mountain more than just a mountain? 2014-12-18 07:26

When it’s an adventure! A group of Old Mutual employees found out how much is enough courage, endurance and camaraderie to take on Africa's highest peak.

/News
 

Joburg hot spots for cocktails, craft beer, tapas and wine!

It’s the season to be jolly – so we’ve rounded up some new Joburg hot spots!

 
 

I love summer.24

Summer Survey!
Great ideas for the best summer sandwiches!
Christmas lingerie to make this festive season the best one ever!
13 things you might not know about Disneyland

Jobs in Cape Town [change area]

Property [change area]

Travel - Look, Book, Go!

Kalahari.com - shop online today

2DAYS ONLY – 30% off Appliances

Coffee makers, blenders, fans, juicers and more. T&Cs apply. Shop now!

2 DAYS ONLY – 40% off books

Get 40% off when you buy 2 books. For two days only! T&Cs apply. Buy now!

Up to 50% off on outdoor gear

Save on chairs, blankets, cooler bags, umbrellas and more. Shop now!

Save on Samsung

Cameras, mobile phones, TVs, Tablets and more. While stocks last. Shop now!

Grand Theft Auto 5

Now available on PS4, Xbox One and PC from R649. Buy now!

OLX Free Classifieds [change area]

Samsung Galaxy s4

Mobile, Cell Phones in South Africa, Western Cape, Cape Town. Date October 24

Best bargain in big bay

Real Estate, Houses - Apartments for Sale in South Africa, Western Cape, Cape Town. Date October 25

VW Golf 6, 1.6 Trendline (Excellent condition)

Vehicles, Cars in South Africa, Western Cape, Cape Town. Date October 25

Horoscopes
Aquarius
Aquarius

The energy today is serious, materialistic and hardworking. You may find you get a new outlook on things and you may want to spend...read more

There are new stories on the homepage. Click here to see them.
 
English
Afrikaans
isiZulu

Hello 

Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.


Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Settings

Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.








Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.