Scandal of Mubarak regime millions in UK

[alp227]

Source: The Guardian

Britain has allowed key members of Egypt's toppled dictatorship to retain millions of pounds of suspected property and business assets in the UK, potentially violating a globally-agreed set of sanctions.

The situation has led to accusations that ministers are more interested in preserving the City of London's cosy relationship with the Arab financial sector than in securing justice.

Hosni Mubarak, the ousted former president, was sentenced to life in jail in June. A six-month investigation, conducted by BBC Arabic and released in conjunction with the Guardian and al-Hayat, a pan-Arab newspaper, has identified many valuable assets linked to his family and their associates that have not been frozen.

These include luxury houses in Chelsea and Knightsbridge and companies registered in central London. One member of Mubarak's inner circle has even been permitted to set up a UK-based business in recent months, despite being named on a British Treasury sanctions list (pdf) of Egyptians who are linked to misappropriated assets and subject to an asset-freeze.

Read more: http://www.guardian.co.uk/world/2012/sep/02/scandal-mubarak-regime-millions-assets-uk

[PSPS]

1. Mubarak -- likely one of Romney's investment partners

[Dont call me Shirley]

2. Britain has long been the world's supporter of dictators, mafias and financial criminals

so no big surprise. The brit upper class is in the center of fomenting this austerity agenda world-wide. They have never abandoned their imperialist goals, they simply shifted the financial and military burden to the u.s.