Switzerland freezes $300 mn of Mubarak cash
Moscow: The Swiss authorities have frozen USD 300 million in Credit Suisse accounts in Geneva held by the sons of former Egyptian president Hosni Mubarak, Swiss media reported on Sunday.
The funds are in accounts that belong to Alaa and Gamal Mubarak. Both sons of the deposed president are currently in an Egyptian jail awaiting trial on charges of massive corruption.
Swiss media said the funds were transferred to Credit Suisse in 2005.
A Credit Suisse spokesman declined to comment.
Reports also said funds believed to have come from corrupt officials in Egypt had likewise been frozen at the Swiss office of French banking giant BNP Paribas.
Switzerland is currently investigating 14 people close to Mubarak, who was toppled by a popular uprising in 2011, suspected of massive embezzlement of public funds.
Mubarak is serving life imprisonment for ordering the killing of protesters during the revolt.
More from India
More from World
More from Sports
More from Entertaiment
- Why is Akhilesh Yadav encouraging dishonesty for votes?
- Is Akhilesh Yadav seeking votes based on development made by Modi govt?
- UP polls: Polling for fifth phase of Assembly elections today
- UP polls: PM Modi addresses public rally in Mau
- Report: Are mobile smartphones more unhygienic than toilet seats?
- Virender Sehwag's reply to Kargil martyr's daughter has taken the Internet by storm
- Ind vs Aus: Mohammed Azharuddin says Jayant Yadav and Ishant Sharma should be replaced in next Test
- Indian doctor rescued from ISIS recounts horror, says 'they forced me to watch videos, shot me thrice'
- Gurmehar Kaur reacts to Virender Sehwag's tweet, says she is heart broken!
- WATCH: MS Dhoni rips apart bowlers to smash brilliant 129-run knock in Vijay Hazare Trophy