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Freeze on Mubarak assets abroad sought
Published in The Saudi Gazette on 22 - 02 - 2011

CAIRO: Egypt's prosecutor general Monday requested a freeze on the foreign assets of Hosni Mubarak and his family, 10 days after the longtime president resigned in the face of a popular uprising.
Abdel Magid Mahmud tasked Foreign Minister Ahmed Abul Gheit with contacting foreign countries to seek a freeze on assets held by Mubarak, his wife Suzanne, sons Alaa and Gamal and their wives Heidi Rashekh and Khadiga Al-Gammal, his office said.
Mubarak is widely thought to have grown wealthy during his three decades in power, although an unidentified legal adviser was quoted by the MENA news agency Sunday as saying that talk of a multi-billion-dollar fortune was nothing but “a groundless rumor”. Switzerland, which froze Mubarak's assets within hours of his resignation on Feb. 11, said Sunday that the former president had “tens of millions of francs” in Swiss financial institutions.
“We do not yet know if these funds are legitimate or not,” said Swiss foreign ministry Stefan von Below, adding that if they had been illegally obtained, “competent judicial bodies will decide who are the entitled parties”. Twelve people have had their assets pre-emptively frozen by Switzerland, including Mubarak's immediate family members as well as four of his government ministers.
– Agence France


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