FT reports that governance activists are concerned that Hosni Mubarak, Egypt’s deposed president, and his family are being excluded from a crackdown by the country’s new military rulers over suspected corruption during his dictatorship. Although the Egyptian govt is pursuing former ministers, the lack of scrutiny of the autocrat, his family and other allies suggests Mr Mubarak may have done a deal with the military leadership, activists argue.
FT: “It is becoming more and more clear that the Mubarak family has been deemed untouchable by the current government. It is highly likely that the military has cut a deal with Mubarak and his family so that they remain untouchable,” said Mohamed Khalil, a banker and anti-corruption activist.
UK.’s daily ‘The Guardian’ has reported that Mubarak and his family are worth between $50 to $70 billion. To put that in perspective, Telecom tycoon Carlos Slim Helu, the world’s richest man, has a $53.5 billion net worth, while Micrsoft (MSFT) founder Bill Gates has $53 billion to his name.