BREAKING NEWS

Report: Mubarak family moved assets to Gulf weeks ago

A senior Western intelligence official alleged that deposed Egyptian president Hosni Mubarak began moving his family's assets from European banks to Persian Gulf countries several weeks ago, The Telegraph reported Sunday.
"We're aware of some urgent conversations within the Mubarak family about how to save these assets," the official told The Telegraph. "We think their financial advisers have moved some of the money around," he added, "If he had real money in Zurich, it may be gone by now."
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