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Entries in al-Hayat (1)

Monday
Sep032012

Egypt Feature: Mubarak-Era Officials "Retain Millions of Pounds" of Assets in Britain (Shenker)

Hosni Mubarak, Egypt's ousted former president, was sentenced to life in jail in June. A six-month investigation, conducted by BBC Arabic and released in conjunction with the Guardian and al-Hayat, a pan-Arab newspaper, has identified many valuable assets linked to his family and their associates that have not been frozen.

These include luxury houses in Chelsea and Knightsbridge and companies registered in central London. One member of Mubarak's inner circle has even been permitted to set up a UK-based business in recent months, despite being named on a British Treasury sanctions list of Egyptians who are linked to misappropriated assets and subject to an asset-freeze.

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