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Friday, February 11, 2011

Swiss Freeze Mubarak Assets

Feb 11th, 2011

Well... That didn't take long. From Reuters:

"Switzerland has frozen assets that may belong to Hosni Mubarak, who stepped down as president of Egypt on Friday after 30 years of rule, the foreign ministry said.
"I can confirm that Switzerland has frozen possible assets of the former Egyptian president with immediate effect," spokesman Lars Knuchel said soon after Mubarak bowed to 18 days of mass protests. "As a result of this measure any assets are frozen for three years.
He did not say how much money was involved or where it was."
This should prove interesting. How does a billionaire despot advance into a state of repose without any money?


  1. surely he must have some under a mattress in morocco?

  2. I like that, Stephanie. "A Mattress in Morocco", would make a great title for something.