BREAKING NEWS

Report: Swiss freeze more Mubarak assets

By REUTERS

JULY 25, 2012 19:12

ZURICH - Switzerland has frozen more assets belonging to former Egyptian president Hosni Mubarak and his associates, the Swiss news agency SDA reported on Wednesday.

The Swiss authorities have now frozen about $700 million, compared to a previous figure of 410 million Swiss francs ($414 million), SDA cited federal prosecutors as saying. The prosecutors office was not immediately available to comment.

Since the start of Arab uprisings last year, Switzerland has also blocked funds stashed in its banks linked to former Libyan leader Muammar Gaddafi, former Tunisian president Zine al-Abidine Ben Ali and Syrian President Bashar Assad.

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