Latest in Tag: stolen assets Highlight

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Latest in Tag: stolen assets


Probe launched to seize Mubarak, Ben Ali assets

THE HAGUE: A probe to seize vast assets of deposed strongmen Hosni Mubarak of Egypt and Zine El-Abidine Ben Ali of Tunisia has been launched in Europe and North America, a Eurojust spokesman said Thursday. "The investigation into all European assets of these two former presidents has started," the organization’s spokesman Joannes Thuy told AFP. …

DNE

Court upholds decision to freeze Mubaraks’ assets

CAIRO: The Giza Criminal Court upheld on Thursday a decision taken by the Illicit Gains Authority (IGA) to freeze all assets belonging to ousted president Hosni Mubarak and his family. The decision includes assets belonging to Mubarak’s wife, sons, daughters-in-law and grandchildren, in addition to Mubarak’s secretary Gamal Abdel-Aziz and businessman Hussein Salem’s families. The …

DNE

Court rejects Mubarak appeal of fund seizure

By Hamza Hendawi /AP CAIRO: An Egyptian court on Tuesday rejected an appeal by ousted President Hosni Mubarak and his family against a top prosecutor’s move to seize funds that could total in the billions of dollars. The decision clears the way for a criminal investigation and a possible trial of Egypt’s ousted leader. Mubarak …

DNE

Egypt charges ex-minister, puts travel ban on another

By Sameh Fahmy CAIRO: Egypt’s public prosecutor charged the former tourism minister with corruption and barred the ex oil minister from traveling abroad pending an investigation into financial violations, state media said on Sunday. Prosecutors have been investigating graft allegations made against former officials and businessmen after a popular uprising toppled President Hosni Mubarak last …

DNE

Conflicting reports over location, fortune of Mubaraks

By Marwa Al-A’asar CAIRO: The whereabouts and fortune of ousted president Hosni Mubarak and his family have been subject to speculation since he stepped down on Feb. 11. On Wednesday, state-owned Al-Akhbar newspaper reported that Mubarak is being treated for pancreatic and colon cancer in Saudi Arabia’s Tabouk city, and is being housed at a …

DNE

Paris supports freeze on Mubarak clan’s assets: ministry

By AFP PARIS: France will back an Egyptian request to freeze the assets of deposed president Hosni Mubarak and his family, Foreign Minister Michele Alliot-Marie said on Wednesday. “Based on the United Nations convention on corruption, notably article 55, and in accordance with previous declarations, Michele Alliot-Marie has asked for this matter to be immediately transferred …

DNE

Egypt tells embassies to seek Mubarak asset freeze

By Marwa Awad / Reuters CAIRO: Egypt’s Foreign Ministry on Tuesday told its embassies in Arab, European Union and Western countries to seek a freeze on the assets of former Egyptian President Hosni Mubarak and his family, the ministry said. Egypt’s public prosecutor had asked the Foreign Ministry on Monday to ask foreign states to freeze …

DNE

Egypt state media: Mubarak has no assets abroad

By AP CAIRO: Egypt’s ousted leader Hosni Mubarak has submitted a declaration of his wealth to authorities as he has every year since taking office in 1981, official media reported Sunday. State TV and the official news agency MENA quoted Mubarak’s “legal representative” as denying reports in local and foreign media about the former president’s …

DNE

Egypt asks Swiss for help finding regime’s assets

GENEVA: The Swiss government says Egypt has asked for assistance in locating assets belonging to members of the regime led by ousted President Hosni Mubarak. Swiss Justice Ministry spokesman Folco Galli declined Wednesday to say whether the request concerns assets belonging to Mubarak himself. Last week the Swiss government froze any assets in Switzerland belonging …

DNE

Europe tackles Egypt asset freeze bid

BRUSSELS: EU ministers tackled an Egyptian request to freeze the assets of leading members of deposed president Hosni Mubarak’s regime Tuesday, but stopped short of tough immediate action. "We discussed the subject," said German Finance Minister Wolfgang Schaeuble before he left similarly inconclusive talks among counterparts on closer economic integration. "The Egyptian government has lodged …

DNE

Europe decides on Egypt asset freeze

BRUSSELS: EU ministers Tuesday debate Egypt’s request to freeze the assets of leading members of president Hosni Mubarak’s regime while considering proposals to increase aid and investment in the Arab world. Finance ministers winding up two days of talks on the rumbling eurozone crisis have been directed by their governments to prioritise an accord on …

DNE

UK calls for international action on Mubarak assets

LONDON: A British government minister said on Sunday there should be an international approach to dealing with the overseas assets of deposed Egyptian president Hosni Mubarak and his family. Britain’s Serious Fraud Office (SFO), which investigates financial crime, has launched a hunt for cash and assets linked to Mubarak, the Sunday Times reported, without citing …

DNE

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