Middle East Economic Survey

VOL. LIV

No 20

16-May-2011

EGYPT

Switzerland Announces Freezing Of Mubarak Regime Assets

The Swiss government announced on 11 May that it had decided to freeze around $465mn in assets held by a number of individuals belonging to the regime of former Egyptian president Husni Mubarak, while the Egyptian judicial authorities determine, through criminal proceedings, whether those assets were illicitly acquired. If evidence is found to show that the assets did...