Reply #56: Switzerland Examining Whether #Mubarak Has Assets in Country

[Catherina]

marwame Marwa Elnaggar
RT @btnafas7oria: Switzerland Examining Whether #Mubarak Has Assets in Country - bloom.bg/gwpNbR #25jan #Egypt
47 minutes ago

Examining? Lol.

Switzerland Is Examining Whether Mubarak Has Assets in Country
By Leigh Baldwin - Feb 8, 2011 6:56 AM GMT-0600

The Swiss government is examining whether Egyptian President Hosni Mubarak has assets in the country after the accounts of former Tunisian leader Zine El Abidine Ben Ali were frozen last month.

“The Federal Department of Foreign Affairs is looking into” whether Mubarak or his family have any assets in the nation’s banks, and “the government will be informed,” Finance Minister Eveline Widmer-Schlumpf told SF in a television interview broadcast late yesterday, adding “there are no entirely clear signs” of whether Mubarak or his entourage do have assets in Switzerland.

Mubarak has said he intends to stay in his position until September even as daily rallies in Cairo call for him to step down. Protests spread to Egypt after Tunisia’s former President Ben Ali left the country for Saudi Arabia. The Swiss government has said it blocked “tens of millions” of Ben Ali’s assets.

Switzerland’s reputation as an international banking center depends on the ability to check whether funds deposited in its banks had been acquired legally, Widmer-Schlumpf said. The government would act “appropriately,” after the Mubarak investigation, she said, without being more specific or saying that any potential assets would be frozen.

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http://www.bloomberg.com/news/2011-02-08/switzerland-is-examining-whether-mubarak-has-assets-in-country.html