One pro-Mubarak figure in Egypt is convinced the Panama Papers are a big conspiracy.
Alaa' Mubarak, the eldest son of deposed Egyptian dictator Hosni Mubarak, was implicated in the Papers as having owned an offshore company in the British Virgin Islands. That company is called Pan World Investments, Inc.
Kareem Hussein, who owns the Mubarak-loyalist outlet "We're Sorry, Mr. President," appeared on Egyptian TV program 90 Minutes on Monday, where he claimed the Papers were a conspiracy designed to discredit world leaders.
During the segment, Hussein said that all the activities of Alaa' Mubarak were in-line with international law considering the shell companies he used were shuttered in 2011 after the Mubarak estate was frozen.
There's video of the segment below:
When the Panama Papers--one of the biggest data leaks in history--were made public on Sunday, they implicated a dozen current or former heads of state as having used offshore tax havens in allegedly unethical and illegal ways. One current head of state—the prime minister of Iceland—has already resigned as a result.
The Papers contained over 11 million documents, many times the size of the Wikileaks dump. The origin of the leak is still not known.
(Hat tip, Al-Dostor News)
--HS
