BREAKING NEWS

Swiss freeze tens of millions of Egypt's francs

By ASSOCIATED PRESS

FEBRUARY 19, 2011 04:25

BERN, Switzerland — Switzerland froze tens of millions of francs belonging to leading figures in Egypt's former regime, officials said Friday.

The government last week said only that it froze "any possible assets" in the country belonging to former President Hosni Mubarak, his wife, their two sons and their wives, Mubarak's brother-in-law and five senior politicians belonging to the ousted leader's NDP party.

At the time the government insisted there was no confirmation such assets actually existed, even though they have been widely reported.

Late Friday, the Swiss Foreign Ministry specified that "several dozens of millions of francs belonging to persons mentioned in last Friday's government order have been blocked." It had no further comment.

Nor it did provide any information about whether the money that has been frozen belongs specifically to Mubarak or his family.

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