Alaa Mubarak

After 2011, assets linked to the Mubarak sons in Switzerland were frozen, and Alaa was involved in a lengthy Swiss investigation into possible money laundering. Egyptian officials had reported very substantial amounts associated with his accounts.

State of the evidence

Documented

Attribution

Directly implicated

The European Union froze Alaa Mubarak's assets alongside those of other members of the Mubarak circle as part of measures targeting alleged embezzlement of Egyptian public funds. The family challenged these listings before the European courts for years.

State of the evidence

Documented

Attribution

Directly implicated

Alaa and Gamal Mubarak were prosecuted in a case involving transactions in Al Watany Bank shares, with allegations of stock market manipulation and illicit profits. They were detained again in 2018 in connection with these proceedings.

State of the evidence

Documented

Legal status — source text

Acquitted / conviction overturned

Attribution

Accused

Course of the proceedings

1. Formally charged — Formal charge before the current outcome

The Panama Papers identified Alaa Mubarak as the beneficiary of Pan World Investments Inc., a British Virgin Islands company administered through Credit Suisse. Following the 2011 European sanctions, Pan World's assets were frozen, and the BVI regulator subsequently identified due diligence failures by Mossack Fonseca concerning the company.

State of the evidence

Documented

Alaa Mubarak was convicted alongside Hosni and Gamal Mubarak in the case concerning funds allocated to presidential palaces which, according to the court, were used for the family's private properties. After an initial judgment was overturned and a retrial held, the three-year sentence stood.

State of the evidence

Established by a court

Attribution

Directly implicated

Alaa and Gamal Mubarak were prosecuted alongside Ahmed Shafik in a case concerning approximately 40,000 m² of land allocated through an association linked to pilots, with prosecutors alleging that the sale had been conducted on favourable terms.

State of the evidence

Documented

Legal status — source text

Acquitted / conviction overturned

Attribution

Accused

Course of the proceedings

1. Formally charged — Formal charge before the current outcome