Swiss freeze possible Mubarak assets

ZURICH Fri Feb 11, 2011 12:45pm EST

Egyptian President Hosni Mubarak (L) is escorted by Tunisian President Zine al-Abidine Ben Ali upon his arrival in Tunis in this October 30, 2002 file photo. REUTERS/Mohamed Hammi/Files

Egyptian President Hosni Mubarak (L) is escorted by Tunisian President Zine al-Abidine Ben Ali upon his arrival in Tunis in this October 30, 2002 file photo.

Credit: Reuters/Mohamed Hammi/Files

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ZURICH (Reuters) - Switzerland has frozen assets possibly belonging to Hosni Mubarak, who stepped down as president of Egypt Friday after 30 years of rule, a spokesman for the foreign ministry said.

"I can confirm that Switzerland has frozen possible assets of the former Egyptian president with immediate effect," spokesman Lars Knuchel said, declining to specify how much money was involved.

In recent years, Switzerland has worked hard to improve its image as a haven for ill-gotten assets and has also frozen assets belonging to Tunisia's former President Zine al-Abidine Ben Ali as well as those of Ivory Coast's Laurent Gbagbo.

(Reporting by Catherine Bosley and Oliver Hirt; editing by David Stamp)

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Comments (20)
hikercoast wrote:
How can anyone ever trust Switzerland again? Among other things, the country has sheltered the Roman Polanski, who fled from American justice.

Feb 11, 2011 2:34pm EST  --  Report as abuse
Miguel526 wrote:
Remind me to never trust the Swiss again. If I ever get enough money to put it into Swiss banks, my money will never go to Swiss banks, since they’ve become partners in the crimes of the world’s statist plunderers and Middle Eastern islamo-fascist criminals.

Feb 11, 2011 3:10pm EST  --  Report as abuse
Miguel526 wrote:
Remind me to never trust the Swiss again. If I ever get enough money to put it into Swiss banks, my money will never go to Swiss banks, since they’ve become partners in the crimes of the world’s statist plunderers and Middle Eastern islamo-fascist criminals.

Feb 11, 2011 3:11pm EST  --  Report as abuse
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