Ikhwanweb :: The Muslim Brotherhood Official English Website

Tue109 2018

Last update19:14 PM GMT

Back to Homepage
Font Size : 12 point 14 point 16 point 18 point
:: Issues > Other Issues
Swiss Banks to Disclose Ousted Mubarak's Assets
Swiss Banks to Disclose Ousted Mubarak's Assets
The Swiss Foreign Ministry has reported that Banks in Switzerland are intending to disclose the assets of the ousted Egyptian president Hosni Mubarak and his aides.
Wednesday, February 16,2011 09:04
IkhwanWeb

The Swiss Foreign Ministry has reported that banks in Switzerland are intending to disclose the assets of the ousted Egyptian president Hosni Mubarak and his aides.Earlier the government had maintained that it had frozen what it described as potential assets belonging to Mubarak, and 10 of his family members.
 
According to a spokesman for the Swiss foreign ministry, Swiss banks were beginning to reveal the extent of the former president’s holdings and his entourage for the first time.  No numbers have been revealed so far however it is believed billions of dollars have been amassed by the Mubarak family and businessmen connected to them during the 30 years that Mubarak dictatorially ruled Egypt
 
EFG-Hermes, Egypt's largest investment bank, stated that Mubarak's son, Gamal, has owned 18 per cent of EFG-Hermes Private Equity since 1997 and it is believed that in the last 4 years alone the tyrant’s son has stashed away a staggering $50 million from the bank. The fund has $919 million under management. Few other assets have so far been publicly identified.
The aggressive measures from the Swiss government are part of a broader attempt to improve the image of the country's famously secretive banking system.
 
Swiss president, Micheline Calmy-Rey asserted the aggressive measures from the Swiss government are part of a broader attempt to improve the image of the country's famously secretive banking system, stressing it was imperative Switzerland ensure it was not a haven for dirty money.
She added, "It cannot be that right at our door some people embezzle state funds and put them into their own pocket," she said.
 
Other European powers are also considering freezing the assets of Mubarak and his family.
Egypt has also requested the US, France, Germany and the UK to freeze the assets of several former Egyptian politicians.British PM has stated that there has to be some international effort if the freezing operation is to be effective.

tags: Mubarak / Mubarak Regime / NDP / Corruption / Gamal Mubarak / Poverty / Switzerland / Swiss Banks / Mubarak Family / Swiss Government / Egyptian Protestors / Egyptian Protests / Tahrir Square / Pro-Mubarak / Egyptian Citizens / Suzanne Mubarak / Alaa Mubarak /
Posted in Other Issues  
Add Comment Send to Friend Print
This is stupid ComputerHacker
We need to hack into the Swiss bank, and take out all the money and return it to Mubarak. Even better, corrupt all their banks until they all get bankrupt. They can't just STEAL his money by seizing his assets. Its HIS money. Yeah sure people don't want him to have all of it but this is a stupid move. Because of this, I hope the swiss bank falls and gets robbed. I really hope they accidently seize EVERYONEs assets so that EVERYONE robs the bank, which will make everyone rich.
Thursday, February 17,2011 06:07
Related Articles
Ikhwanweb Publishes Details of Mubarak's Final Hours
Ousted Mubarak’s son runs up provocative bill partying in London over weekend
International Report: Corruption Costs Egypt $6 bn Annually
Public Figures Demand Immediate Investigation into Mubarak’s Ill-Gotten Fortune
The Mubarak Family’s Wealth
SCC: Political Corruption Impact of Central Government Corruption
NDP Tycoons Support Campaign Advocating Gamal Mubarak for Presidency
Gamal Mubarak: NDP's Annual Conference Will not Choose Presidential Nominee
Mubarak Vows to Combat Corruption and Targets 8% Growth Rate
Egypt: 42% of Population Living under Poverty Line
Gamal Mubarak Blames Judges for Low Turnout in the 2005 Presidential Election
Parliamentary Elections and the Mubarak Regime
Egypt Ranks 98th in International Corruption
In Egypt, the Twilight of the Mubarak Regime
Egypt rise in violence due to subsidies, media, poverty
An international rally objecting to poverty and the increasing gap between the rich and poor.
50% of Egyptians Suffer of Anemia Due to Poverty