Egypt freezes assets of former Mubarak-era PM Shafiq

By JPOST.COM STAFF
October 21, 2012 17:38

 
X

Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user experience almost completely free of ads
  • Access to our Premium Section
  • Content from the award-winning Jerusalem Report and our monthly magazine to learn Hebrew - Ivrit
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief

UPGRADE YOUR JPOST EXPERIENCE FOR 5$ PER MONTH Show me later

Egypt's Illicit Gains Authority on Sunday froze the assets of former Mubarak-era Prime Minister Ahmed Shafiq due to alleged "inexplicable" increases in his wealth, Egypt's Al Ahram reported.

Egyptian Justice Ministry spokesperson Ahmed Roshdy Salam said the decision was based on an ongoing corruption investigation into Shafiq's business dealings.

Al Ahram quoted Shafiq as saying that Egyptian authorities can expect "an aggressive reaction" to what he called attempts "to hinder my political career."

Shafiq, who also was put on Egypt's arrivals watchlist, is currently in the United Arab Emirates and plans to remain there for "security reasons."

Shaifq lost to Mohamed Morsi in the final round of Egypt's presidential election earlier this year.

Join Jerusalem Post Premium Plus now for just $5 and upgrade your experience with an ads-free website and exclusive content. Click here>>

Related Content

Breaking news
November 13, 2018
Turkey kills 19 Kurdish militants in air strikes in Iraq

By REUTERS