Spain seizes assets owned by Egypt's Mubarak

Spain seizes assets owned by Egypt's Mubarak

On

Thu, 13/12/2012 - 20:47

Spanish police have found 28 million euros (US$36.5 million) in assets owned by ousted Egyptian President Hosni Mubarak and people close to him, including Marbella beach properties and luxury cars, the government said on Thursday.

Egypt had asked Spain to track down assets in the country belonging to the former president and more than 100 people with ties to him, including family members, people who held high-level posts in his government and business leaders.

Spain's interior ministry said it had frozen 18.4 million euros worth of the assets, but did not say whether it would also freeze the remainder.

The properties include two houses in La Moraleja, a wealthy neighborhood of Madrid, seven properties in the Mediterranean beach resort of Marbella, financial products in three banks and also luxury vehicles, the ministry said in a statement.

"The assets could come from crimes such as embezzlement or corruption," the government statement said.

Egypt has asked several countries in Europe and elsewhere to locate assets of Mubarak and people close to him. Switzerland has also frozen assets of the former Egyptian president.

Mubarak, who ruled Egypt for three decades, was forced out in February 2011 after a popular uprising.

In June, he was sentenced to life in prison for his role in killing protesters during the uprising. He is currently in a military hospital because of health problems.

                     

                     

The content of this field is kept private and will not be shown publicly.
Comments are limited to a maximum of 1000 characters.
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.
Image CAPTCHA
Enter the characters shown in the image.
On 6 April, security forces clashed with hundreds of protesters, most of them from the April 6 Youth Movement, during a...
Protesters block traffic in Tahrir Square, after Security forces re-opened it, and removed barbed wires, and iron barrier,  Cairo, 27 March 2013.
Protesters block traffic in Tahrir Square, after Security forces re-opened it, and removed barbed wires, and iron...
Who's The Infidel of Them All?
*Entertainment*  Eeny, meeny, miny, moe, You're the infidel of them all. Now get out!