Egypt:Egypt’s Central Bank denies bribery allegations against Mubarak
Laaska News July 26,2011
Egypt’s Central Bank has denied allegations that ex-President Hosni Mubarak accepted a bribe from the United Arab Emirates.
Earlier, Editor-in-Chief of the Cairo-based Al Fadjr newspaper Adel Hamouda claimed that Mubarak received a personal check for $120 million from former UAE President Sheikh Zayed bin Al Nahyan in exchange for Egyptian troops’ involvement in the liberation of Kuwait from the Iraqi occupation in 1990.
On Tuesday, the Central Bank confirmed the receipt of the check, but said that the money was transferred to the bank’s foreign currency reserves. On August 3, a court in Sharm el-Sheikh begins hearings into corruption and embezzlement charges against Mubarak.