Europe to discuss freezing Egyptian assets: UK

UK`s Foreign Secy said EU will discuss a request to freeze Egyptian assets.

Updated: Feb 14, 2011, 22:53 PM IST

London: Britain`s Foreign Secretary said Monday that European Union finance ministers will discuss a request to freeze assets held by members of ousted Egyptian President Hosni Mubarak`s former regime.

William Hague told the House of Commons that Egypt`s military rulers had requested that the UK and others take action against several ex-officials, but did not specify whether they included Mubarak himself.

Hague said European finance ministers would discuss the request later Monday and on Tuesday during planned talks in Brussels.

"If there is any evidence of illegality or misuse of state assets we will take firm and prompt action," Hague said.

He also called on Egypt`s military government to quickly set out a timetable for parliamentary and presidential elections.

"It is in our national interest as well as theirs for them to make a successful transition to a broad-based government and an open and democratic society," Hague said.

He said Britain has called on Egypt`s rulers to release protesters, journalists and human rights campaigners detained during protests that led to Mubarak`s ouster.

Bureau Report