Egypt's central bank has denied local media reports claiming that former president Hosni Mubarak held $9 billion (Dh33.1 billion) in secret accounts, the bank said in an emailed statement sent on Thursday.
The local Egyptian daily newspaper Youm 7 published reports citing the former deputy head of the Central Auditing Agency, Assem Abdul Moety, claiming that Mubarak stored over $9 billion in three secret Central Bank accounts, which are now frozen. He also told the privately owned newspaper $8.7 billion was deposited in the first of Mubarak's personal accounts in 1992.
But the Central Bank said in its statement that this money was originally deposited in a state account titled "Amounts Received from Arab States" between 1990 and 1992 by five Arab countries as non-refundable grants to Egypt, totalling $4.6 billion at the time.
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