Egypt's golf chief Omar Hisham Talaat elected to Arab Golf Federation board    Egypt extends Eni's oil and gas concession in Suez Gulf, Nile Delta to 2040    Egypt, India explore joint investments in gas, mining, petrochemicals    Egypt launches National Strategy for Rare Diseases at PHDC'25    Egyptian pound inches up against dollar in early Thursday trade    Singapore's Destiny Energy to invest $210m in Egypt to produce 100,000 tonnes of green ammonia annually    Egypt's FM discusses Gaza, Libya, Sudan at Turkey's SETA foundation    UN warns of 'systematic atrocities,' deepening humanitarian catastrophe in Sudan    Egypt's Al-Sisi ratifies new criminal procedures law after parliament amends it    Egypt launches 3rd World Conference on Population, Health and Human Development    Cowardly attacks will not weaken Pakistan's resolve to fight terrorism, says FM    Egypt's TMG 9-month profit jumps 70% on record SouthMed sales    Egypt adds trachoma elimination to health success track record: WHO    Egypt, Latvia sign healthcare MoU during PHDC'25    Egypt, India explore cooperation in high-tech pharmaceutical manufacturing, health investments    Egypt, Sudan, UN convene to ramp up humanitarian aid in Sudan    Egypt releases 2023 State of Environment Report    Egyptians vote in 1st stage of lower house of parliament elections    Grand Egyptian Museum welcomes over 12,000 visitors on seventh day    Sisi meets Russian security chief to discuss Gaza ceasefire, trade, nuclear projects    Egypt repatriates 36 smuggled ancient artefacts from the US    Grand Egyptian Museum attracts 18k visitors on first public opening day    'Royalty on the Nile': Grand Ball of Monte-Carlo comes to Cairo    VS-FILM Festival for Very Short Films Ignites El Sokhna    Egypt's cultural palaces authority launches nationwide arts and culture events    Egypt launches Red Sea Open to boost tourism, international profile    Qatar to activate Egypt investment package with Matrouh deal in days: Cabinet    Omar Hisham Talaat: Media partnership with 'On Sports' key to promoting Egyptian golf tourism    Sisi expands national support fund to include diplomats who died on duty    Madinaty Golf Club to host 104th Egyptian Open    Egypt's PM reviews efforts to remove Nile River encroachments    Al-Sisi: Cairo to host Gaza reconstruction conference in November    Egypt will never relinquish historical Nile water rights, PM says    Egypt resolves dispute between top African sports bodies ahead of 2027 African Games    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Russia says it's in sync with US, China, Pakistan on Taliban    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Mubaraks get travel ban, asset freeze
Published in The Egyptian Gazette on 28 - 02 - 2011

CAIRO (Updated) - Eighteen days after he stepped down in response to a public revolution, Egypt's long-serving former President Hosni Mubarak and his family were banned from travel and their assets in local banks were frozen over graft complaints, a judicial source said Monday.
"A travel ban was issued against Mubarak, his wife Suzanne, his two sons Alaa and Gamal, and their wives and children. Their assets were also frozen," said Adel el-Saeed, a spokesman for Chief Prosecutor Abdel Meguid Mahmoud.
He did not detail the complaints, but added that all banks and authorities concerned were notified on the ban.
The travel ban follows the Chief Prosecutor's decision on February 21 to freeze the foreign assets of Mubarak, the first sign that the ousted President would be held to account by the rulers to whom he handed power on February 11.
The official Middle East News Agency reported last week that had Mubarak submitted a financial disclosure statement to judicial authorities, adding that he routinely filed such statements.
The news agency was citing an unidentified representative of the former President who denied media reports about the size of Mubarak's wealth.
Mubarak stepped down after three decades of iron-fisted rule, handing control over to the Army and heading to the Egyptian Red Sea resort town of Sharm el-Sheikh, where he and his family are thought to be staying despite rumours he left to Saudi Arabia for treatment.
"The Prosecution had issued the decision (travel ban and asset freeze) in light of dozens of reports against Mubarak's fortune," said el-Saeed, who added that some documents were enclosed in the reports, which were referred to the local watchdogs for investigations.
He added that the Graft Prosecution was notified to take the measures against the reports, a measure that is usually followed questioning or an arrest warrant.
A Cairo criminal court will decide on Saturday whether to sustain the decision to freeze the assets of Mubarak and his family or cancel it.
"A court session headed by judge Makram Awad will decide on the Mubaraks asset freeze," a judicial source said.
On February 21, the prosecutors requested a freeze on the foreign assets of the former President and his family, tasking Foreign Minister Ahmed Abul Gheit with contacting foreign countries to seek the assets freeze.
The assets were confirmed frozen in the US, France, the UAE, the UK, Switzerland, Canada, Australia and some other countries.
The asset freeze and travel ban on the Mubaraks were among demands of protesters, who returned to Al Tahrir Square, the epicentre of the 18-day revolution, which toppled the regime.
Moustafa Bakri, a former MP and a journalist, was the main claimant against Mubarak and his family. He filed dozens of reports on the fortune of the former President, his sons and his wife.
"In one bank, Mubarak's family had an account of LE250 million. It's clear in most of the reports that Mubarak abused his powers and allowed his family to illegally make huge wealth," Bakri said.
To the astonishment of the prosecutors, he also forwarded numbers of the bank Mubarak and his family in several local banks.
Media reports suggested the former President's wealth may total billions of dollars and some anti-Mubarak protesters accused him of squandering the wealth of the Arab world's most populous nation, but aides insist he has done nothing wrong.
"We will stay here until the funds illegally taken” by the Mubarak “be returned. We are still skeptical over what is going on," Mona Abdel Sallam, a protester in the Al Tahrir Square, told the Egyptian Mail.
Abdel Sallam and some other hundreds of protesters were creating makeshift camps in the square to go ahead with their revolution, whose main demands centred on dismissing acting Prime Minister Ahmed Shafiq and immediately removing the state of emergency.
"Mubarak's travel ban is good but this is not our ultimate goal," said Mohamed Adel, a spokesman for April 6th Youth Movement, who hold a banner reading: "Change + Purge = Reconstruction".


Clic here to read the story from its source.