Spanish police have seized assets worth 28 million euros (£22.7 million) belonging to Hosni Mubarak, the ousted former president of Egypt.
Spanish police have seized assets worth 28 million euros (£22.7 million) belonging to Hosni Mubarak, the ousted former president of Egypt
Authorities froze bank accounts containing 18.4 million euros in cash and financial investments, and seized a string of luxury properties across Spain.
Egypt requested Spain’s help under UN anti-corruption conventions to find and block assets owned by Mubarak, his family, top aides and their related companies, said a statement issued by Spain’s national police.
In all, a list of 130 people connected to Mubarak and the former Egyptian regime were passed to Spanish authorities.
Among the assets seized were two houses in La Moraleja – one of Madrid’s most desirable residential districts – with a combined value of around seven million euros.
Seven other properties in and around Marbella, the glitzy resort on Spain’s south coast that is a popular destination for wealthy Arabs, were seized with an estimated combined worth of around 3 million euros.
Five luxury cars were also held.
“The assets could be the proceeds of crimes such as the embezzlement of public funds, corruption, or the illegal enrichment committed during his mandate,” police said.
The 84-year old Mubarak, who governed Egypt for three decades, was ousted in February last year in a popular uprising that saw the deaths of more than 800 anti-government protesters.
In June he was sentenced to life imprisonment for his role in their killing and is currently in a military hospital suffering health problems.
Egypt has asked several countries in Europe and elsewhere to locate assets of Mubarak and people close to him.
The former Egyptian president is suspected of amassing a fortune of more than 5 billion dollars and using the 18 days it took for his regime to topple to shift his vast wealth overseas.