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Judges uphold decision to freeze Mubarak assets

Arab World Materials 8 March 2011 14:30 (UTC +04:00)

Judges in Cairo on Tuesday upheld a decision by Egypt's attorney general to freeze the assets of ousted president Hosny Mubarak and his family, state media reported.

Acting on a number of lawsuit requests, Attorney General Abdel Meguid Mahmoud demanded a freeze on the properties, assets, bank accounts and government bonds held by the former leader, DPA reported.

Egypt has also slapped a travel ban on Mubarak, his wife and children while allegations of embezzlement are investigated.

Mubarak is believed to have amassed a huge fortune during his nearly 30 years in power. His wealth is estimated at over 40 billion dollars and includes properties in London, New York and Los Angeles.

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