Wednesday 16 February 2011

Swiss start to disclose Mubarak assets - The National

Banks in Switzerland are disclosing the assets of the former Egyptian president Hosni Mubarak and his "associates", says the Swiss foreign ministry.

Last week, the government said it had frozen "any potential assets" belonging to Mr Mubarak, as well as 10 members of his family and other people. The move followed Switzerland's decision to freeze the assets of Tunisia's ex-president Zine al Abidine Ben Ali and his entourage after he was forced out of power last month.

A spokesman for the Swiss foreign ministry said yesterday Swiss banks were beginning to reveal the extent of Mr Mubarak's holdings and his entourage for the first time, although he would not give a figure.

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