Switzerland freezes Mubarak's assets

The Swiss government has taken steps to freeze any assets belonging to former Egyptian President Hosni Mubarak and his allies, shortly after the 82-year-old transferred power to the military.

"The Federal Council (government) has decided to freeze any assets of the former Egyptian president and his entourage in Switzerland with immediate effect," AFP quoted the Swiss foreign ministry as saying in a statement released on Friday.

The ministry added that the three-year freeze seeks to prevent any possible embezzlement of Egyptian state property.

rest at http://www.sott.net/articles/show/223654-Switzerland-freezes-Mubarak-s-assets