EU freezes Mubarak family assets

Ahram Online, Tuesday 22 Mar 2011

In response to Egypt's foreign ministry request EU freezes ousted president, Mubarak assets

The European Union has taken a decision on Monday to freeze Mubarak’s assets and 18 others, including his family and partners.

The decision was declared in Brussels prior to a meeting on Monday in response to the request from Egypt’s foreign ministry. The freeze targets Hosni Mubarak, his wife Suzan Thabet, his sons and their wives, as well as Egypt’s former Minister of Interior Habib El-Adly and other former National Democratic Party (NDP) members.  

Egypt had already issued an order to freeze the ousted president’s assets and those of his family locally, as well as internationally. Some countries have already complied; Switzerland’s quick reply stands out among the first.

Mubarak's family fortune has been estimated at $70bn, according to some press reports, which has been denied by sources close to the ex-president.

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