Mubarak's Wife Hands Over $4M

Written by FrumForum News on Tuesday May 17, 2011

Los Angeles Times reports:

Egyptian state television announced Tuesday that former First Lady Suzanne Mubarak had been officially released after turning over $4 million in assets to the finance ministry, according to Assem Gohari, the head of the country's illicit-gains authority. Mubarak remains in a hospital, where she was taken after being informed of her possible imprisonment.

Mubarak also agreed to reveal all her local and foreign personal accounts, Gohari said in a statement released Tuesday.

Among the property handed over was a Cairo villa Mubarak allegedly owned that actually belonged to the government, Gohari said.

Gohari said that, since Mubarak handed back her assets, her financial disclosure is now "free of any illegal gains."

Mubarak, 70, is hospitalized in the Red Sea resort town of Sharm el-Sheikh after suffering what doctors initially believed was a heart attack upon news Friday that she was going to be detained and possibly sent to the Cairo women's prison as part of a corruption probe into her family's finances.

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