An international investigation by over 40 media institutions, led by Süddeutsche Zeitung and the Organised Crime and Corruption Reporting Project (OCCRP), following massive leaks of data from the world’s biggest private bank, Credit Suisse, revealed that senior political leaders and officials from all over the world had accounts there. Among the accounts disclosed are the accounts of the ousted Egyptian President Mohamed Hosni Mubarak’s sons, Alaa and Gamal, as well as the former director of Egypt’s General Intelligence, General Omar Suleiman, and the prominent Egyptian businessman and ex-intelligence officer Hussein Salem.
According to the investigation, Alaa and Gamal Mubarak managed to establish an economic empire in Egypt in the 1980s and maintained an extensive relationship with the bank. By 2010, the balance of Alaa’s account reached up to $252 million.
The New York Times, which participated in the investigation, reported that in 2003, the accounts of both sons had $198 million. The lawyer of Mubarak’s sons told the New York Times that this money was gained legally and without any political advantages. The Guardian reported that after the brothers were sentenced with their father to three years imprisonment in 2015 on corruption and fraud charges and they made a settlement with the government for a $17.6 million payment.
The ex-Egyptian top spy, Omar Suleiman, opened his account at the bank in 2003, building up his balance to $69 million, while Mubarak’s friend, who worked for the Egyptian Intelligence, Hussein Salem, opened an account in 1974 and closed it in 2013 when his balance recorded $114 million.