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Spokesman denies reports on ex-Egyptian president's wealth

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An official spokesman for ousted Egyptian President Hosni Mubarak has denied media reports on his vast wealth, the MENA news agency said on Sunday.

An official spokesman for ousted Egyptian President Hosni Mubarak has denied media reports on his vast wealth, the MENA news agency said on Sunday.

"The rumors of the ex-president's wealth, his accounts and foreign assets are aimed at discrediting the former leader," the spokesman said.

"Since coming to office, the former president submitted financial statements on time in line with the law," he said.

Mubarak stepped down on February 11 after 18 days of large-scale anti-government protests that broke out in Cairo and quickly spread throughout Egypt, leaving more than 350 people dead and about 5,500 injured.

Egypt asked the United States and European countries to freeze the assets of the country's ousted leader and his family and ordered an investigation into Mubarak's financial dealings.

Some media reports said Mubarak managed to shift his wealth estimated at between $40 billion and $70 billion to secret bank accounts.

Earlier on Sunday, the wealth of another ousted leader came to the limelight in Tunisia, with media reports saying Ben Ali hoarded diamonds, gold and large amounts of cash in secret places around his palace.

CAIRO, February 20 (RIA Novosti) 

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