Hosni-jerk Reaction

From The Telegraph:

Hosni Mubarak used the 18 days it took for protesters to topple him to shift his vast wealth into untraceable accounts overseas, Western intelligence sources have said.

Original DVD cover

The former Egyptian president is accused of amassing a fortune of more than £3 billion – although some suggest it could be as much as £40 billion – during his 30 years in power.

…snip…

In the knowledge his downfall was imminent, Mr Mubarak is understood to have attempted to place his assets out of reach of potential investigators.

On Friday night Swiss authorities announced they were freezing any assets Mubarak and his family may hold in the country’s banks while pressure was growing for the UK to do the same. Mr Mubarak has strong connections to London and it is thought many millions of pounds are stashed in the UK.

But a senior Western intelligence source claimed that Mubarak had begun moving his fortune in recent weeks.

…snip…

The revelation came as the ruling military council, which took power as Mr Mubarak stepped down on Friday, confirmed its pledge eventually to hand power to an elected civilian government, although it did not set a date.

It also reassured allies that Egypt will abide by its peace treaty with Israel, as it outlined the first cautious steps in a promised transition to elections and “to build a democratic free nation”.

The military council’s spokesman, Gen Mohsen el-Fangari, appeared in front of a row of Egyptian military and national flags as he read a statement, proclaiming respect for the rule of law – a sign that the current system of emergency law may be ended.c

But demands were growing among protesters in Cairo last night for Mr Mubarak to be put on trial for corruption.

The former president was at his family villa in the resort town of Sharm El-Sheikh. There were unconfirmed reports that he was effectively under house arrest, as the focus of protesters moved from toppling the hated ruler to seizing his fortune, although the army’s ruling council which is in charge of the country pending its transition to democracy said Mr Mubarak was being treated with due respect.

During the protests last week, former deputy foreign minister Ibrahim Yousri and 20 lawyers petitioned Abdel Meguid Mahmoud, Egypt’s prosecutor general, to put Mr Mubarak and his family on trial for stealing state wealth.

…snip…

The intelligence source suggested that 82-year-old Mubarak may have learnt the lesson of his fellow dictator Zine El Abidine Ben Ali, the former president of Tunisia, who was forced with his family into a hasty exile in Saudi Arabia while Swiss authorities froze the family’s bank accounts.

…snip…

The Mubaraks are understood to have wanted to shift assets to Gulf states where they have considerable investments already – and, crucially, friendly relations. The United Arab Emirates and Saudi Arabia have frequently been mentioned as likely final destinations for Mr Mubarak and possibly his family.

The UK Treasury said it would have the power to seize Mubarak’s British assets if Egypt made a formal request – and no order had yet been made.

…snip…

Quite how much Mubarak has stashed away – and where he has hidden that fortune – in the past 30 years is open to speculation. His 69-year-old wife Suzanne Mubarak – known in some circles as the Marie Antoinette of Egypt – is half-Welsh while it is claimed the couple’s two sons Gamal and Alaa may even have British passports.

Intelligence sources indicate that the Mubarak fortune may be most easily traced via the business dealings of Gamal Mubarak, 47.

…snip…

The president made his two sons the “go to” men for any companies that sought to do business in Egypt.

…snip…

Dealing with the former president will present a major challenge to Egypt’s first real democratic government, which is expected to be formed after elections.

On Saturday night the army was in charge, hugely supported by the people after promising to hand over power as soon as possible. The army was quick to promise to honour all existing treaties including the crucial Camp David Accord with Israel.

Most Egyptians spent yesterday celebrating their new freedom.

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19 Comments

Filed under Corruption, Great Britain, humor, movies, parody, politics, snark, Wordpress Political Blogs

19 responses to “Hosni-jerk Reaction

  1. Great headline, great movie poster! 🙂 I’ve read money is already in short supply. A person trying to make a withdrawal cannot access their own money….which helped fuel the tempers of the already pissed off citizens.

    • thanks, m’liss. i wasn’t quite sure how to have fun with what’s happened in cairo, but i figured the very first raisin lolcat would steer things in the right direction. 😉

  2. jeb

    Saudi Arabia or UAE? Hmmm, I wouldn’t rule out Kennebunkport.

    • i think he should buy a house near brisket palin’s in arizoney. jon kyl is retiring, and i can’t think of a better senate candidate than ol’ hosni. arizoney seems to like old ugly politicians who care only for themselves and their buddies and don’t give a shit about the people.

  3. Born in Arizona
    Moved to Babylonia
    King Tut!

  4. The British Guardian newspaper cites Middle Eastern sources placing the wealth of Mubarak and his family at somewhere between $40 billion and $70 billion.
    The family does reportedly own posh estates in London, New York, and Beverly Hills, plus a number of properties around the Egyptian resort town of Sharm El Sheikh, where Mubarak reportedly went after resigning the presidency.

    Makes me think of the Beverly Hillbillies theme song….
    Well the first thing ya know ol’ Mubarak’s a millionnaire….
    Citizen Folk said Mover Away from here!
    Said Califoooorina’s the place you ought to be,
    so he loaded up a plane & moved to Beverly….
    Hills that is…..

  5. Corruption on such a scale is staggering in such a poor country. $40 billion dollars would be $500 for every person in Egypt. The civilized world (in which I couldn’t count Saudi Arabia or the UAE, unfortunately), should do all it can to return the stolen wealth to its rightful owners.

    • i doubt that it’s much more staggering than it is in this country. the difference is that a lot of it has been exposed. corruption here is celebrated and rewarded. how else do you explain rick scott winning the governorship in floriduhhh? i wish he was the only example, but there are too many to count.

  6. Ever notice that the once highly touted Domino Theory never let the commies take over the world? Comintern had about as much clout as the TP. But just let a little whiff of freedom loose and bastions like Warpac start disentigrating overnight. And now the Arabs have borrowed the dominoes for a while. They say Algeria is starting up a game. Everyone has their name on the list to be next! Truly amazing times. PS—on Frans theme a good starting point would be the old SNL skit: The Bel-Arabs….wanna tell you a story about Abdul Achmed…a poor Bedouin, barely kept his family fed…..and then one day while shootin’ at some Jews…up through the gound come a bubblin’ crude…

    • twitter and facebook change the world! when the percentage of young people is so high, it was inevitable that things were going to change. maybe that’s why china only allows one child per couple.

      that song is hilarious! i have another tv show in mind. i haven’t decided yet what i might use.

  7. The Egyptian protests are far from being over, see –>
    the Guardian’s interactive Arab-protests-twitter-map. (It’s fun watching it work).

    • mmm!!! 😀

      it’s not over by a long shot. this is not the end, it’s the beginning. with the internets, there’s no way to stop people from demanding their freedom, and it won’t stop with egypt.

  8. jean-philippe

    Hosni, poor Hosni… Why didn’t you take the money and run?

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