Tuesday 12 December 2017

Spain freezes Mubarak's property assets

Spanish police have found €28m in assets owned by ousted Egyptian President Hosni Mubarak and his allies, including Marbella properties.

Egypt had asked Spain to track down assets belonging to the former president and more than 100 people with ties to him, including family members.

Spain's interior ministry said it had frozen €18.4m worth of the assets. Properties include two houses in La Moraleja, a wealthy neighbourhood of Madrid, seven properties in the beach resort of Marbella, financial products in three banks and also luxury vehicles, the ministry stated.

Irish Independent

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