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EGYPT: Switzerland freezes possible Mubarak assets

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Switzerland has frozen assets possibly belonging to Hosni Mubarak, who stepped down as president of Egypt on Friday after 30 years of rule, a spokesman for the foreign ministry told Reuters Friday.

“I can confirm that Switzerland has frozen possible assets of the former Egyptian president with immediate effect,” spokesman Lars Knuchel told Reuters.

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Knuchel declined to specify how much money was involved.

In recent years, Switzerland has worked hard to improve its image as a haven for ill-gotten assets and has also frozen assets belonging to Tunisia’s former President Zine al-Abidine Ben Ali as well as those of Ivory Coast’s Laurent Gbagbo.

-- Molly Hennessy-Fiske

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