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

Ahram Online, Sunday 21 Oct 2012

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

File photo: Former Egyptian presidential runoff candidate Ahmed Shafiq (Photo: Reuters)

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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