Spain freezes Mubarak associate's assets

By JPOST.COM STAFF
June 17, 2011 18:22

 
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Spain has frozen euro37 million ($47 million) in illegally obtained funds accrued by Hussein Salem, an associate of former Egyptian president Hosni Mubarak and also a wanted man in Egypt, the Associated Press reported Friday.

Salem, 77, his son, and an associated described as a frontman were arrested Thursday in a wealthy Madrid suburb.

Salem allegedly sent the illicit funds to Spain from Egypt, Spanish National Police said.

Homes worth euro10 million ($14 million) were also seized by the Spanish authorities.

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