Sunday, March 20, 2011

EU to freeze assets of former Egyptian President Mubarak

The European Union will freeze the assets of the deposed Egyptian President Hosni Mubarak and eighteen of his relatives. The decision, which was the subject of agreement at the ambassadorial level twenty-seven member countries in Brussels, should be endorsed on Monday by European foreign ministers, and will come into force next week, according to diplomats.

Are affected by this decision to the persons subject of legal proceedings in Egypt for the same offense. In early March, a criminal court upheld a decision to freeze the assets of Hosni Mubarak and his family. The European list contains nineteen names, revealed a European diplomat. In addition to Mr.

Mubarak, his wife, Suzanne, his son Gamal and Alaa and their wives, there are also key figures of the former regime, including a former interior minister or a party official, detailed the diplomat. Mr. Mubarak to resign Feb. 11 under pressure from the street after having been in power for thirty years, is accused of having amassed a considerable fortune.

One of his advisers, however, denied that this wealth amounts to several billion dollars.

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