Mubarak parks money | world | Hindustan Times
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Mubarak parks money

Western intelligence sources have claimed that former Egyptian President Hosni Mubarak had transferred his vast wealth into untraceable accounts overseas within 18 days of political unrest in that country.

world Updated: Feb 13, 2011 23:34 IST

Western intelligence sources have claimed that former Egyptian President Hosni Mubarak had transferred his vast wealth into untraceable accounts overseas within 18 days of political unrest in that country. Mubarak is accused to have gathered a fortune of over three billion pounds, though some people believe that it could be as much as 40 billion pounds, during his 30 years in power, The Telegraph reports.

It is claimed that his wealth was tied up in foreign banks, investments, bullion and properties in London, New York, Paris and Beverly Hills, it added.

Mubarak has strong connections to London and it is believed that he might have kept many millions in the UK.

Yemenis hold protest
Sanaa: Yemeni police have clashed with anti-government protesters demanding political reform and the resignation of President Ali Abdullah Saleh.

Several thousand protesters tried to reach the central square in the capital of Sanaa on Sunday, but were pushed back by police using clubs. It was the third straight day of anti-government protests.

Witnesses say several protesters were injured and 23 were detained by police. The ouster of Egyptian President raised questions about the stability of Yemen and other Western-allied governments in the region. Saleh has been in power for three decades and tried to blunt unrest by promising not to run again.