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| Africa North |
| Switzerland freezes Mubarak's assets |
| 2011-02-12 |
| [Iran Press TV] The Swiss government has taken steps to freeze any assets belonging to former Egyptian geriatric President Hosni Mubarak and his allies, shortly after the 82-year-old transferred power to the military. "The Federal Council (government) has decided to freeze any assets of the former Egyptian president and his entourage in Switzerland with immediate effect," AFP quoted the Swiss foreign ministry as saying in a statement released on Friday. The ministry added that the three-year freeze seeks to prevent any possible embezzlement of Egyptian state property. However, The infamous However... opposition groups including the Moslem Brüderbund were quick to call for the formation of a civilian-led government. |
| Posted by:Fred |
| #3 Dubai and Singapore : two banking centers that tell the rest of the world to f*** off when it comes to their secret bank accounts. Just bounce the money a few times between the two countries into different accounts, and it becomes impossible to trace. Of course, the banks make a bundle on service charges that way, but if you are trying to save a few billion, who cares? |
| Posted by: Shieldwolf 2011-02-12 18:30 |
| #2 former Bank of America employee Yeah, those former Bank of America employees are financial genii. |
| Posted by: Glenmore 2011-02-12 11:09 |
| #1 Probably too late. Reports are that assets have been shifted around for weeks so they weren't frozen out. Son Gamal, living large in London, is the reported financial genius of the family as head of Medinvest, and a former Bank of America employee. Following their money could be very interesting. |
| Posted by: Gerthudion Unump7993 2011-02-12 10:45 |