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Egypt Requests States Freeze Mubarak’s Funds

HeadlineFeb 15, 2011

Egypt has asked the United States, Britain and France to freeze the assets of officials close to former President Hosni Mubarak. However, both Washington and Paris said that Mubarak was not on the list. Switzerland has already said it has frozen assets that may belong to Mubarak. Some press reports suggest the Mubarak family may be worth as much as $70 billion.

William Hague, British foreign secretary: “We have also received a request from the Egyptian government to freeze the assets of several former Egyptian officials. We will of course cooperate with this request, working with E.U. and international partners as we have done in the case of Tunisia. If there is any evidence of illegality or misuse of state assets, we will take firm and prompt action.”

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