Central Bank of Egypt denies involvement in illicit money transfer

egyptian money

The Central Bank of Egypt has denied any involvement in the transfer of funds belonging to ousted president Hosni Mubarak and his family to a Swiss bank account following the political uprising in Egypt.

In a statement issued on November 12, the Central Bank of Egypt said no money was transferred since the revolution from the accounts of the former president and his family. According to a senior Egyptian justice ministry official, Mubarak's sons Alaa and Gamal have an estimated $340 million held

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