CAIRO: Youm7 has exclusively obtained a file from the U.K. Foreign and Commonwealth office confirming that the United Kingdom froze £40 million in assets belonging to figures of Egypt's former regime. The document was sent to Mostafa Ragab, the head of Egyptians' UK Association which follows smuggled Egyptian money, to confirm freezing the assets. "EU Ministers agreed on 21 March to freeze the assets of a number of individuals. Including the former President – Hosni Mubarak - and his Family, identified by the Egyptian authorities as being responsible for the misappropriation of state funds. These measures entered into force on 22 March," the document stated. "We have frozen more than £ 40 million in the UK under the EU asset freeze. Nationally, we have reminded financial institutions in the UK of their obligations must do extra checks on senior overseas government figures they deal with. If there is any suspicion they must report it immediately to the Serious Organised Crime Agency. The Treasury, the Financial Services Authority and other regulators are talking to businesses on a regular basis about the risks from recent events in the Middle East and North African," the document added. The document also revealed that the U.K. adheres to repay $200,000 as support to the democratic transition amid the upcoming elections. Below is a photo copy of the document:
