Switzerland freezes Mubarak’s assets

n what seems like a swift reaction to Egyptian President Hosni Mubarak’s resignation, the government of Switzerland on Friday ordered a freeze on any assets belonging to him and his entourage, shortly after he was forced from office, the foreign ministry said.

“The Federal Council (government) has decided to freeze any assets of the former Egyptian president and his entourage in Switzerland with immediate effect,” the ministry said in a statement.

It added that the freeze was aimed at preventing any risk of embezzlement of Egyptian state property.

-Punch

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Posted by admin on Feb 11 2011. Filed under Africa & World Politics. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry