Egypt's former minister of information admits to having bank accounts in Switzerland

Ahram Online, Monday 18 Apr 2011

Former information minister's assets frozen as he is investigated for possible financial wrongdoing

Former information minister Anas El-Fikki has had all his financial assets frozen pending investigation, follwing charges against him of illicit profiteering.

El-Fikki and former state broadcasting chief Osama El-Sheikh were both arrested on 24 February as part of a probe into alleged graft under ousted president Hosni Mubarak.

Legal actions were also taken to reveal his bank accounts in Egypt and abroad.

According to recent investigations, El-Fikki’s assets – in comparison to his income – indicate that he may have embezzled public funds.

While being questioned, El-Fikki admitted depositing two million dollars in a Swiss bank and possession of other bank accounts and real estate.

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