Swiss freeze Mubarak’s assets

| 13/02/2011

(Swiss Info): The Swiss cabinet has decided to block any funds that may be held in Switzerland by former Egyptian President Hosni Mubarak who stepped down on Friday. It has published an ordinance asking Swiss banks to search for any assets belonging to Mubarak and his family and to freeze them, a government spokesman said. A statement on the website of the foreign ministry said the sale or disposal of any assets, especially real estate, belonging to these people was also forbidden. The government "is taking all the measures required to avoid any misappropriation of government assets,” it explains. The Swiss finance minister, Eveline Widmer-Schlumpf said investigations were underway to clarify whether there were in fact any assets in the country at all.

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