CAIRO: Head of the Illicit Gains Authority, counselor Assem El-Gohary, remanded Alaa Mubarak in custody for 15 days pending further investigations on charges of collaborating with his father, ousted president Hosni Mubarak, and his brother Gamal to attain illicit gains.
Alaa, being detained for the first time by the illicit gains authority, is also accused of collaborating with former head of the Capital Market Authority, Ahmed Saad Abdel Latif, in attaining illicit gains.
Alaa was previously being detained by the prosecutor general pending investigations into charges of corruption, profiteering, misuse of power and public funds and the acquisition of commissions for facilitating business deals.
Investigations lasted for five hours on Monday at Tora Prison by a team of counselors from the authority headed by Khaled Selim, head of the inspection authority.
Alaa was questioned over his ownership of LE 200 million in banks, 100 feddans in Sixth of October city, 250 feddans on the Cairo-Alexandria Desert Road, other pieces of land in New Cairo, Sixth of October and Sheikh Zayed, as well as being a shareholder in major investment companies and factories with stakes worth millions of pounds.
El-Gohary ordered the secret bank account of Alaa be revealed after he signed a written ratification to reveal their accounts in Arabic, English and French languages.
