GCIS INTELLIGENCE BRIEFING: Mubarak delayed exit in order to move secret funds, say intel sources

ISSUED BY: GCIS Communications Command Center

SOURCE: Intel News

14February2011 12:59pmEST

GCIS INTELLIGENCE UPDATE: One of the reasons why Egypt’s disgraced ex-president kept prolonging his rule amidst ferocious anti-government protests this month, was to transfer billions of dollars-worth of personal assets into bank accounts around the world.

British newspaper The Sunday Telegraph quotes a “senior Western intelligence official” who claims that Hosni Mubarak’s fund managers began transferring his extensive fortune to numbered bank accounts during the first days of the popular revolution in Egypt.

The intelligence official told The Telegraph that Western intelligence services were “aware of some urgent conversations” within the Mubarak family about how to best protect their fortune from Egyptian and international financial investigators.

The Mubaraks may have thus pre-empted the freezing of their accounts in Zurich, which was announced by the Swiss government on Friday. (read full report)

 

 

"GCIS INTELLIGENCE UPDATE" is an intelligence briefing presented by Griffith Colson Intelligence Service, and provided to the public for informative purposes only. All subject matter is credited to it's source of origin, and is not intended to represent original content authored by GCIS, it's partners or affiliates. All opinions presented are those of the author, and not necessarily those of GCIS or it's partners.

GCIS/MSS INTELLIGENCE BRIEFING: Egypt proclaims power transfer plan, protesters wary

ISSUED BY: GCIS Communications Command Center

SOURCE: Reuters

08February2011 9:23amEST

GCIS/MSS INTELLIGENCE UPDATE: Egypt has a plan and timetable for the peaceful transfer of power, the vice president said on Tuesday, as protesters called more demonstrations to show their campaign to oust President Hosni Mubarak remains potent.

With signs growing that the government may be gaining the upper hand in the struggle for power, Vice President Omar Suleiman promised no reprisals against the protesters for their two-week campaign to eject Mubarak after 30 years in office.

However, protesters camped on Cairo's Tahrir Square accused the government of merely playing for time, and swore they would not give up until the current "half revolution" was complete. (read full report)

 

 

"GCIS/MSS INTELLIGENCE UPDATE" is a cooperative intelligence briefing presented by Griffith Colson Intelligence Service and Machaseh Security Service, and provided to the public for informative purposes only. All subject matter is credited to it's source of origin, and is not intended to represent original content authored by GCIS, MSS or it's advertisers or affiliates.