Spain seizes Mubarak assets
2012-12-13 17:34
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Hosni Mubarak
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Madrid - Spanish police have found €28m
in assets owned by ousted Egyptian president Hosni Mubarak and people close to
him, including Marbella beach properties and luxury cars, the government said
on Thursday.
Egypt had asked Spain to track down assets in the country
belonging to the former president and more than 100 people with ties to him,
including family members, people who held high-level posts in his government
and business leaders.
Spain's interior ministry said it had frozen €18.4m
worth of the assets, but did not say whether it would also freeze the
remainder.
The properties include two houses in La Moraleja, a
wealthy neighbourhood of Madrid, seven properties in the Mediterranean beach
resort of Marbella, financial products in three banks and also luxury vehicles,
the ministry said in a statement.
"The assets could come from crimes such as
embezzlement or corruption," the government statement said.
Egypt has asked several countries in Europe and elsewhere
to locate assets of Mubarak and people close to him. Switzerland has also
frozen assets of the former Egyptian president.
Mubarak, who ruled Egypt for three decades, was forced
out in February 2011 after a popular uprising.
In June, he was sentenced to life in prison for his role
in killing protesters during the uprising. He is currently in a military
hospital because of health problems.
