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Hosni Mubarak resigns: Switzerland to freeze assets of ousted ruler

Posted By admin On February 12, 2011 @ 3:01 am In Money Watch | Comments Disabled

Richard Spencer, and Nick Meo
London Telegraph [1]
Feb 12, 2011

Switzerland has announced it was freezing assets in the country owned by newly resigned President Hosni Mubarak of Egypt.

The announcement, which gave no details as to what assets Mr Mubarak or his family might have in the country, will send shock waves through the presidential palaces of other Middle Eastern countries.

“The government wants to avoid any risk of misappropriation of state-owned Egyptian assets,” a statement by the foreign ministry said.

Stories of Mr Mubarak’s personal wealth, ranging up to wild estimates of $70 billion (£44 billion), long suppressed by state media, began to circulate among the crowds from the beginning of protests.

His family is said to own property around the world, including London, Paris, Dubai, and the United States. He is understood to have money in bank accounts in Britain, the US, and France as well as other western countries.

Full article here [1]

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URLs in this post:

[1] London Telegraph: http://www.telegraph.co.uk/news/worldnews/africaandindianocean/egypt/8319821/Hosni-Mubarak-resigns-Switzerland-to-freeze-assets-of-ousted-ruler.html

[2] Stock up with Fresh Food that lasts with eFoodsDirect (AD): http://www.efoodsdirect.com/

[3] Image: http://purewaterfreedom.com/

[4] The Takedown of Hosni Mubarak: http://www.prisonplanet.com/the-takedown-of-hosni-mubarak.html

[5] Hosni Mubarak’s Death Could Come At Any Time: Arab News Report: http://www.prisonplanet.com/hosni-mubarak%e2%80%99s-death-could-come-at-any-time-arab-news-report.html

[6] Mubarak Resigns as Egyptian President: http://www.prisonplanet.com/mubarak-resigns-as-egyptian-president.html

[7] Hosni Mubarak Not Dying, Had Breakfast on the Beach: http://www.prisonplanet.com/hosni-mubarak-not-dying-had-breakfast-on-the-beach.html

[8] Egypt football riot: Hosni Mubarak supporters blamed for Port Said football tragedy: http://www.prisonplanet.com/egypt-football-riot-hosni-mubarak-supporters-blamed-for-port-said-football-tragedy.html

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