Egypt freezes Mubarak`s assets, bans him from travel

Mubarak was forced to step down on February 11 after being at the helm of the country for 32 years.

Last Updated: Feb 28, 2011, 18:40 PM IST

Cairo: Egypt Monday put a freeze on the
assets of ousted president Hosni Mubarak and his family and
imposed a travel ban on him and his clan, two weeks after a
mass uprising threw out his regime.

The general prosecutor Abdel Magid Mahmud ordered the
financial assets inside the country of Mubarak and his family
members be frozen, Al Jazeera reported.

The move comes close on the heels of an order seeking
the freezing of the family`s financial assets in foreign
countries, following which the foreign ministry approached
foreign governments and financial institutions.

The order also imposed a travel ban on the former
president and his family pending further investigation.

The ban would apply to wife Suzanne, and his two sons
Ala and Gamal, and their wives.

Mubarak was forced to step down on February 11 after
being at the helm of the country for 32 years. He left the
capital Cairo and headed to the Red Sea resort of Sharm
el-Sheikh.

Mubarak is believed to have amassed a multi-billion-
dollar fortune but his legal aides have termed the reports
about his wealth as groundless rumours.

While Switzerland froze Mubarak`s assets within hours
of his resignation, France too accepted Egyptian Foreign
Ministry`s request for an asset ban.

PTI