Originally posted by the Voice of America.
Voice of America content is produced by the Voice of America,
a United States federal government-sponsored entity, and is in
the public domain.


Switzerland Freezes Mubarak Assets

   VOA News  February 11, 2011
   Egyptian President Hosni Mubarak sits during his meeting with Emirates
   foreign  minister,  not pictured, at the Presidential palace in Cairo,
   Egypt, February 08, 2011

Photo: AP

   Former Egyptian President Hosni Mubarak (file photo)

   Switzerland  has  frozen  assets that may belong to Hosni Mubarak, who
   stepped down as president of Egypt Friday, after 30 years of rule.
   Swiss  officials  say the order will be in effect for three years, but
   gave  no  details  on how large the fortune is or where the assets are
   located.   The  order  is supposed to prevent any misappropriation of
   Egyptian state property.
   Foreign  experts have estimated that the Mubarak family fortune may be
   worth between $40 billion and $70 billion.
   Allegations  of  corruption were one of the reasons demonstrators gave
   for their demand that Mr. Mubarak leave office.
   Switzerland  has  been  trying  to  change  its  image  as a haven for
   ill-gotten  assets,  and  earlier  froze  accounts of Tunisia's former
   president Zine al-Abidine Ben Ali and Ivory Coast's Laurent Gbagbo. Â
   Mr.  Ben Ali was ousted from office by widespread street protests that
   inspired  the  revolt  that drove Mr. Mubarak from power.  Mr. Gbagbo
   has  refused  to  step  down  after  an  election  which  most  of the
   international community says he lost.

   Timeline of former Egyptian President Hosni Mubarak

   IFRAME:
   [1]http://www.dipity.com/voaweb/Hosni-Mubaraks-Career/?mode=embed&z=10
   0yr#tl

   Some information for this report was provided by AP, AFP and Reuters.
   NEW: Follow our Middle East reports on [2]Twitter
   and discuss them on our [3]Facebook page.

References

   Visible links
   1. http://www.dipity.com/voaweb/Hosni-Mubaraks-Career/?mode=embed&z=100yr#tl
   2. http://twitter.com/VOAMidEast
   3. http://www.facebook.com/pages/VOAMiddleEastVoices/124360240958667?    v=wall

   Hidden links:
   4. http://www.dipity.com/voaweb/Hosni-Mubaraks-Career/

.