Switzerland freezes assets of Mubarak bound

10:10 AM assets, bound, freezes, Mubarak, Switzerland No Comments

Geneva - the Swiss Government on Friday froze all assets owned by former Egyptian President Hosni Mubarak and his family in the Switzerland.

Lars Knuchel Foreign Ministry spokesman who will order to block bank accounts take effect immediately, said but gave no details about the family assets.

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He spoke as going on pro-democracy protesters in Cairo the announcement celebrated Mubarak joined after almost three decades of authoritarian rule and is passed to the military.

Swiss Finance Minister Widmer-Schlumpf was earlier this week from Swiss national television SF had asked if Mubarak and his family money in the Switzerland.

"We have very clear evidence, is all here, but of course we are this deal and we are to act", she said.

She said that Foreign Ministry was investigated.

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3.6 Billion Swiss francs (approx. 3.5 billion USD), according to the Swiss National Bank at the end of 2009 amounted Egyptian deposits in Swiss bank accounts.

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