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Mubaraks amassed huge wealth

world Updated: Apr 19, 2011 13:00 IST

AP
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Egypt's financial oversight body says the former President of Egypt and his family have amassed wealth beyond their means, in the form of properties and bank accounts.

The state news agency said on Tuesday, the agency found that the 82 year old former president and his two sons and wife own several properties around Egypt, including luxury apartments, and palaces, as well as empty land plots and valuable farm land.

The report said the family also has numerous bank accounts in foreign and local currencies.

The elder son, Alaa, is apparently the richest, followed by Gamal, who was groomed by his father to be president.

Mubarak, the father, has the least wealth, according to the office. Mubarak's sons are in detention pending investigation, while the elder Mubarak has been hospitalised.