Report: Mubarak's sons received millions of dollars for backing Israeli gas sales

[JohnyCanuck]

Gamal and Alaa Mubarak, the two sons of former Egyptian President Hosni Mubarak, received hundreds of millions of dollars in "commissions" from the sale of Egyptian natural gas to Israel, the Kuwaiti newspaper Al-Jarida reported yesterday.

Gamal initially demanded a 10% commission but eventually agreed to half of that, while his elder brother and businessman Hussein Salem settled for 2.5% each from the $2.5-billion deal signed in May 2005. Salem, considered to be very close to the Mubarak family, is the the largest shareholder in Eastern Mediterranean Gas, the Egyptian firm that supplied the gas to Israel. Mubarak's sons allegedly backed the controversial gas exports to Israel in return for the payments.
gamal - AP - November 28, 2010

snip

Al-Jarida said it obtained the documents from a special department at the Egyptian interior ministry that was looking into various activities of the family of the former president, who was toppled in a popular uprising last month. Al-Jarida published photocopies of the alleged documents. The paper said negotiations took place involving Israeli officials, former Egyptian oil minister Sameh Fahmi and Salem in January 2005.

http://english.themarker.com/report-mubarak-s-sons-received-millions-of-dollars-for-backing-israeli-gas-sales-1.347560