Egypt: Mubarak’s Swiss Assets Have Been Frozen
February 11th, 2011 by Kyle
Reuters reports that Switzerland has frozen assets possibly belonging to Hosni Mubarak. “I can confirm that Switzerland has frozen possible assets of the former Egyptian president with immediate effect,” spokesman Lars Knuchel said, declining to specify how much money was involved. Assets belonging Mubarak’s associates are also apparent targets of freezes in an attempt to limit the chance of state funds being plundered. This comes as a response in recent years by the Swiss government to improve its image as a “haven for ill-gotten assets.”
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