UK accused of dragging its heels on recovery of Mubarak assets
593 views · Published 6 October 2012 · 0:47 · Indexed 4 November 2026
Channel: News Direct · 2012 · News & Politics
The UK has been criticized for allowing former Egyptian president Hosni Mubarak and other officials from his former regime to retain UK-based assets after Egyptian officials requested they be frozen in February 2011. The UK says that lawfully freezing assets is a lengthy procedure as it takes the agreement of all 27 EU members. Evidence has shown that luxury houses and companies linked to Mubarak and his family have still not been frozen. In comparison, Switzerland froze Mubarak's assets within half an hour of his resignation. Since last year, Switzerland has continued to freeze more Mubarak assets, while the amount frozen in the UK remains unchanged.
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