Posted on: 04-02-11 17:50:35
Egyptian President Hosni Mubarak wealth is estimated between USD 40 to 70 Billion.
He is poor considering Indian political standards. Tamil Nadu CM family is worth atleast USD 150 Billion and they made nearly 15 Billion in one spectrum scandal. While Raza made atleast 3 billion in this episode.
If Tamil Nadu CM's family can make this amount in one scandal, how much would have they made in all other scandal.
Poor Mubarak he has to learn from Indian politicians about how to scam money and still retain their power.
He should learnt from the King of Scamsters MU Ka- Karunanidhi - CM of Tamilnadu how to give Rs.1 per KG rice, color TV, free electricity, free stove, cheap liqour and all the freebies.
He even brought an alternative to writing will by introducing a concept called Settlement to save property transfer fees in Tamilnadu.
What a genius(Karunanidhi) his brain has to be preserved and researched for future generation.
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http://www.thehindu.com/news/international/article1155628.ece
Mubarak's net worth estimated at USD 40 to 70 billion: report
Egypt’s embattled President Hosni Mubarak’s and his family’s net worth is estimated to be between U.S. dollars 40 and 70 billion, a media report said.
The wealth of the Egypt’s first family was built largely from military contracts during his days as an air force officer; Mr. Mubarak eventually diversified his investments through his family when he became President in 1981, the ABC News quoted experts as saying.
The family’s net worth now ranges from U.S. dollars 40 to 70 billion, by some estimates, the report said.
Amaney Jamal, a political science professor at Princeton, said those estimates are comparable with the vast wealth of leaders in other Gulf countries.
“The business ventures from his military and government service accumulated to his personal wealth. There was a lot of corruption in this regime and stifling of public resources for personal gain,” Ms. Jamal was quoted as saying.
Ms. Jamal said that Mr. Mubarak’s assets are most likely in banks outside of Egypt, possibly in the U.K. and Switzerland.
“This is the pattern of other Middle Eastern dictators so their wealth will not be taken during a transition. These leaders plan on this,” she said.
Mr. Mubarak, his wife and two sons were able to also accumulate wealth through a number of business partnerships with foreigners, according to Christopher Davidson, professor of Middle East Politics at Durham University in the United Kingdom.
The Mubarak family owns properties in London, Paris, Madrid, Dubai, Washington, New York and Frankfurt, according to a report from IHS Global Insight.
Aladdin Elaasar, author of ‘The Last Pharaoh: Mubarak and the Uncertain Future of Egypt in the Obama Age’, said the Mubaraks own several residences in Egypt, some inherited from previous Presidents and the monarchy, and others he has built.
“He had a very lavish lifestyle with many homes around the country,” said Mr. Elaasar, who estimates the family’s wealth is between US dollars 50 and 70 billion
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Sunny Leone a true Canadian DESI now back in India !.
Let us start an educated guessing game. If Karunanidhi has US $ 150 Billion, what is the net worth of MMS and Sonia? My Guess: Sonia family is in power in India for more than 50 years and commands at least 10 times MPs. So she should have at least us $ 75,000 Billion and MMS (Divide Sonia net worth by 10 and again by 10) us $750 Billion. Now we can understand MMS's reluctance to bring back money stashed in Swiss account and why poor in India live miserable life.
see this excerpt
http://en.wikipedia.org/wiki/Sonia_Gandhi
In 2004 Sonia Gandhi's party appointed Prime Minister Manmohan Singh. In wake of the Swiss banking report, Manmohan Singh was the only international leader to initially refuse to receive black money data provided by the German authorities during 2008 Liechtenstein tax affair.[39][40] Under pressure from the main opposition party, the Bharatiya Janata Party, the Manmohan Singh government later reluctantly agreed to accept a part of the data but stoutly refused to make it public.
In 2010, a group of concerned eminent Indian citizens consisting of KPS Gill, Ram Jethmalani and Subhash Kashyap amongst others petitioned the Supreme Court to ask the Union government to make the list of names of Indian citizens with black money in Liechtenstein Bank public. The Indian government in response refused to make the names of Indian account holders in Liechtenstein bank public. Following which the Supreme Court questioned the government’s reluctance to disclose the names of Indian nationals who have stashed black money in foreign banks, asking “what is the big deal about it?” [41] In 2011, the Supreme court again lashed out at the government for inaction in the Swiss Bank matter
and this:
http://expressbuzz.com/opinion/columnists/zero-tolerance-secret-billions/236261.html
The $2.2 billion account must have existed from before June 1988 when Rahul Gandhi attained majority. The loot in today’s rupee value equals almost Rs 10,000 crore. Swiss banks invest and multiply the clients’ monies, not keep them buried. Had it been invested in safe long-term securities, the $.2.2 billion bribe would have multiplied to $9.41 billion (Rs 42,345 crore) by 2009. If it had been put in US stocks, it would have swelled to $12.97 billion (Rs 58,365 crore). If, as most likely, it were invested in long-term bonds and stocks as 50:50, it would have grown to $11.19 billion (Rs 50,355 crore). Before the global financial meltdown in 2008, the $2.2 billion bribes in stocks would have peaked at $18.66 billion (Rs 83,900 crore). By any calculation the present size of the $2.2 billion secret funds of the family in Swiss banks seems huge — anywhere between Rs 43,000 plus to some Rs 84,000 crore!
Quote:
Originally posted by Nightmare
Let us start an educated guessing game. If Karunanidhi has US $ 150 Billion, what is the net worth of MMS and Sonia? My Guess: Sonia family is in power in India for more than 50 years and commands at least 10 times MPs. So she should have at least us $ 75,000 Billion and MMS (Divide Sonia net worth by 10 and again by 10) us $750 Billion. Now we can understand MMS's reluctance to bring back money stashed in Swiss account and why poor in India live miserable life.
