Switzerland Freezes Any Swiss Assets Tied to Mubarak to Avoid Risk of Misappropriation

I originally posted the following information and commentary onto my Facebook wall…

2011-02-11 - Switzerland Freezes Any Swiss Assets Tied to Mubarak to Avoid Risk of Misappropriation

Switzerland Freezes Any Swiss Assets Tied to Mubarak:
http://news.yahoo.com/s/ap/20110211/ap_on_bi_ge/eu_switzerland_mubarak

(update: archived copy of above link located here: http://web.archive.org/web/20110215163906/http://news.yahoo.com/s/ap/20110211/ap_on_bi_ge/eu_switzerland_mubarak)

(Yahoo News)  The Swiss government on Friday froze any assets belonging to former Egyptian President Hosni Mubarak or his family in Switzerland.

Foreign Ministry spokesman Lars Knuchel said the order took effect immediately but gave no details on what bank accounts or other assets Mubarak or his family might have in Switzerland.

He spoke as pro-democracy demonstrators in Cairo were jubilantly celebrating the announcement that Mubarak has resigned after nearly three decades of authoritarian rule and handed power over to the military.

“(The government) wants to avoid any risk of misappropriation of state-owned Egyptian assets,” the Foreign Ministry said in a statement. It also forbid the sale of any assets, especially real estate holdings.

(Read entire article here…)

My Commentary: According to Switzerland’s Foreign Ministry, “(The government) wants to avoid any risk of misappropriation of state-owned Egyptian assets.”

It’s too bad that the criminal Mubarak has already swindled and amassed a fortune far greater than the contents of just Switzerland’s banks! Just last week, his family quietly slinked off to the UK with an undisclosed amount of Egypt’s riches!

Mubarak’s Family Flees to London with Almost 100 Suitcases:
http://www.londonnet.co.uk/news/2011/jan/mubarak-family-flee-london-president-could-follow.html

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