Spain seizes $36.5m worth of Mubarak assets

Millions of assets of ex-Egyptian president and associates located, including Marbella beach properties and luxury cars.

    Spain seizes $36.5m worth of Mubarak assets
    Mubarak has been sentenced to life in prison for his role in the deaths of protesters during Egypt's uprising [Reuters]

    Spanish police have seized $36.5m in assets owned by Hosni Mubarak, the former Egyptian president, and people close to him.

    Egypt had made an international request to block the assets, including Marbella beach properties and luxury cars, of 130 people associated with Mubarak's rule.

    Spain's interior ministry said on Thursday it had frozen $24m worth of the assets.

    The properties include two houses in La Moraleja, a wealthy neighbourhood of Madrid, seven properties in the Mediterranean beach resort of Marbella, financial products in three banks and several expensive vehicles.

    "The assets could come from crimes such as embezzlement or corruption," a Spanish government statement said.

    Egypt has asked several countries in Europe and elsewhere to locate assets of Mubarak and his associates.

    Switzerland has also frozen assets of up to $441m linked to the former president.

    Mubarak, who ruled Egypt for three decades, was forced out in February 2011 after a popular uprising.

    In June, he was sentenced to life in prison for his role in the deaths of protesters during the uprising.

    He is currently in a military hospital due to health problems.

    SOURCE: Agencies


    YOU MIGHT ALSO LIKE

    How Moscow lost Riyadh in 1938

    How Moscow lost Riyadh in 1938

    Russian-Saudi relations could be very different today, if Stalin hadn't killed the Soviet ambassador to Saudi Arabia.

    Interactive: Coding like a girl

    Interactive: Coding like a girl

    What obstacles do young women in technology have to overcome to achieve their dreams? Play this retro game to find out.

    The War in October: What Happened in 1973?

    The War in October: What Happened in 1973?

    Al Jazeera examines three weeks of war from which both Arabs and Israelis claimed to emerge victorious.