Mubarak used last 18 days in power to stash billions

CAIRO: 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.

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


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

It took protesters 18 days to oust Hosni Mubarak, and he used that time wisely, funneling his fortune into untraceable overseas accounts, according to Western intelligence sources.

Switzerland has already frozen Mubarak’s assets, and the UK may do the same, but intelligence sources say Mubarak has been trying to place his fortune out of investigators’ reach.