CAIRO: The investigation of the former Egyptian President Hosni Mubarak's sons, Alaa and Gamal, revealed they manipulated Egyptian mutual funds, Egypt's debts and privatization of governmental companies. They also had compulsory commissions from sales and partnerships in some companies, manipulated the stock exchange and committed illegal deeds, which wasted public money. According to a judicial source, the prosecution summoned a member of board of directors of Hermes, who was involved in manipulating the Egyptian stock exchange. The summoned member revealed Gamal and Alaa Mubarak were involved in wasting public money. According to the investigations, Gamal Mubarak was appointed a representative of the Egyptian Central Bank in the board of directors of Arab African International Bank. Financial remittances unearthed Mubarak's sons involvement in money laundering in companies of mutual funds in Cyprus, which were financed by foreign companies in Britain, Islands of Virgin and Cayman. Those companies are known as offshore companies, which veil all information and data of its real owners. The offshore companies were run on behalf of Egyptian businessmen, who will be summoned before the prosecution to cast their testimonies.
