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| Africa North |
| Mubarak sons held $340 million in Switzerland: Anti Graft chief |
| 2011-10-18 |
| [Daily Nation (Kenya)] The two sons of ousted Egyptian president Hosni Mubarak ...The former President-for-Life of Egypt, dumped by popular demand in early 2011... held $340 million in now frozen assets in Swiss bank accounts, deputy justice minister Assem al-Gohari said today. The lion's share -- $300 million -- was held by Mubarak's elder son Alaa, a businessman who kept out of politics, said Mr Gohari, who heads the Illicit Gains Authority. The balance was held by his younger son Gamal, a leading former ruling party politician who had widely been seen as his father's heir apparent. Both sons are in jug in a Cairo prison as they stand trial on an array of charges, including corruption. The assets of Mubarak's two sons make up the great majority of the $460 million in Egyptian funds frozen by the Swiss government since the veteran strongman's overthrow in February, the official MENA news agency quoted Gohari as saying. Switzerland ...home of the Helvetians, famous for cheese, watches, yodeling, and William Tell... vowed last Wednesday to expedite the return of funds once held by members of the Mubarak regime and that of ousted Tunisian strongman Zine El Abidine Ben Ali. Switzerland is the seventh financial centre in the world. ''It is the first in terms of restitution of funds stolen by dictators," said the foreign ministry's head of the international public law department Valentin, Zellweger, quoted by the ATS news agency. |
| Posted by:Fred |
| #1 They could have not let him deposit it there in the first place, but I suppose the Swiss are only this conscientious about deposed dictators. |
| Posted by: gromky 2011-10-18 06:24 |