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Egypt freezes Ahmed Shafiq's financial assets; former prime minister reacts angrily

Last Mubarak-era premier's assets are frozen on Sunday on orders of Egypt's Illicit Gains Authority; Shafiq vows 'aggressive response'

Ahram Online, Sunday 21 Oct 2012
File photo: Former Egyptian presidential runoff candidate Ahmed Shafiq (Photo: Reuters)
Views: 2787
Views: 2787

Egypt's Illicit Gains Authority on Sunday froze the financial assets of Mubarak-era prime minister Ahmed Shafiq and his three daughters due to 'inexplicable' increases in their wealth.

Shafiq's trial on graft charges will begin on 2 December.

Shafiq was put on Cairo International Airport's watch list on 29 August. The names of his daughters are expected to be added to the list on Sunday.

Shafiq, for his part, responded to the news by promising "an aggressive reaction."

He described the move as "an impulsive reaction that only aims to hinder my political career."

Speaking to Al-Ahram's Arabic-language news website, Shafiq pointed out that, as a candidate in Egypt's recent presidential elections, "my financial position was reviewed and no wrongdoing was found therein."

Immediately following his loss to Muslim Brotherhood candidate Mohamed Morsi in Egypt's first post-Mubarak presidential election this summer, Shafiq travelled to the United Arab Emirates. It was later revealed that the former presidential hopeful planned to remain in the UAE for "security reasons."

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21-10-2012 08:03pm
UAE is the right place to search for our stolen wealth
Shafiq is extremely smart man, he has done his homework. If he were to won the election, no one would have been asking about his money. He also had a "plan B", to pack his bags with goodies and fly for "omorah", where no one has done it before, UAE. The UAE with its friendly police chief, is the ideal place for those who stole our wealth. There are other business men that went that route. I am really sorry if I offended Shafiq's supporters. Egyptian are good people that can be easily manipulated by his grandfather's look. He was part of a corrupt system. Remember that there there are so many people that inhibit grave yards, because Egypt was owned and managed by Mubarak's men. Go get them Morsi.
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22-10-2012 01:59pm
Mursi get them? Really?
How easily we forget or just plain ignorant, are you aware that the guy your praising ( Mursi ) was the leader of the same group ( brotherhood) who killed your former president, Anwar Sadat. Yet now he is glorified in your eyes, and Shafiq who served as a high ranking officer and civil serviceman is now a criminal because he owns a few villas. You should be more concerned with Mursi forcing you or your family to be full veiled, I say family because it seems ex pats are clueless as to what is going on in Egypt, talking and making absolute no sense. Sharia sweety is not for your best or anyone's interest. Shafiqs 10 villas that he built in deserted land 20 years ago, was not going to solve the countries over population, you know, your parents making 6 kids in the name of allah, then putting the blame on corruption for your starvation. Sharia is the beginning to the end in Egypt and I highly doubt it will get anywhere. You implement your glorified Muris plan and you will have no tourism,

21-10-2012 07:22pm
Nobody is above the Law
I am not sure what political career he means!..However if all his wealth is above board then there is nothing to worry about. All would like to see his aggressive reaction.
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Amourah Idris, Aswan
21-10-2012 02:29pm
How much?
Is it few hundreds or millions? The article is misleading.
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