Friday 25 February 2011

G20 governments and Dubai must act now to freeze and investigate any illicit assets - Zawya

Transparency International (TI), the anti-corruption organisation, is calling on the Group of 20 countries and Dubai to freeze and investigate immediately any illicit assets, particular those originating from Egypt and Tunisia.

A letter from TI Chair Huguette Labelle sent last night to the heads of state of the G20 countries and the Emir of Dubai urges them to implement the request made by Egypt's public prosecutor to freeze and investigate the foreign assets of former president Hosni Mubarak and his closest family members.

Global illicit financial flows present a massive transfer of wealth out of poorer nations, undermining poverty alleviation and sustainable growth.

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