Egypt’s former president’s son said Tuesday that he and his family were innocent of corruption charges brought against them in international courts following the country’s popular revolt in 2011.
His comments come after years of attempts by the deposed president’s family to repair its image while facing legal action in Egypt and elsewhere.
Gamal Mubarak, the son of former Egyptian president Hosni Mubarak, claimed in a video message that recent court verdicts in the European Union and elsewhere establish their innocence, but he did not explain how the family came to gain such vast riches.
A major breach of Credit Suisse client information in February revealed that Gamal Mubarak and his brother, Alaa, had at least $197.5 million in the bank at one point.
“Now that the facts have been uncovered, the false allegations have been categorically refuted.” “As a result, the historical record has been independently and judicially revised,” he stated in a YouTube video statement. He accused Egyptian legal authorities for bringing the case before international tribunals.
The 2011 protests were sparked by calls for an end to Egypt’s deep-seated embezzlement and government corruption, as well as growing fears that Gamal Mubarak would be groomed to succeed his father, who had ruled for nearly 30 years. According to the international anti-corruption organization Transparency International, Mubarak misappropriated $70 billion in public funds during his presidency. The former president passed away in 2020 at the age of 91.
After a decade-long investigation into alleged money laundering and organized crime tied to Mubarak’s circles in Egypt, Swiss prosecutors opted not to press charges in April. They also stated that 400 million Swiss francs, or $430 million, had been frozen in Swiss banks.
In the same month, the European Union’s General Court decided that Mubarak’s wife, two sons, and their wives’ rights had been violated during a local Egyptian probe of his assets, which the prosecution was relying on. The verdict declared EU restrictions against the Mubaraks’ accounts to be illegal, and they were withdrawn. Gamal Mubarak claimed that his family was being compensated for legal fees incurred in the case.
Transparency International slammed the move, saying it would send a message to corrupt officials around the world that they can act freely.
Following the large uprisings, the EU and Swiss investigations were part of a succession of judicial cases against the Mubaraks. The father and two sons were arrested for the first time in April 2011, two months after the Arab Spring protest movement forced Mubarak to resign. In his place, a powerful military council was formed, which eventually gave way to the divisive Islamist president Muhammad Mursi after the 2012 elections. Following more mass rallies, the military toppled Mursi.
Hosni Mubarak was acquitted of killing demonstrators during the 18-day uprising against his dictatorial government after a lengthy trial.
Following their conviction for embezzling monies set aside for the restoration and upkeep of presidential palaces and using the money to enhance their private dwellings, the two boys and their father were sentenced to three years in prison. The sons were released in 2015 after serving their sentences, and Mubarak was released in 2017. The money they stole was returned to the state by the trio.
In September 2018, the sons were briefly jailed pending their trial on stock market manipulation accusations. They were acquitted in 2020 after an appeals court granted their defense lawyers’ plea to remove the judge who ordered their imprisonment, and they were released on a bond of 100,000 pounds ($5,600) each.