ISSN 2330-717X

Switzerland freezes accounts of Hosni Mubarak’s family, associates


The Swiss Foreign Ministry announced Friday that Swiss Federal Council froze the accounts and assets of Egyptian President Hosni Mubarak, who stepped down earlier today, along with those of his family and associates, a statement by the ministry said.

The statement added that this decision will come into force immediately in order to prevent any manipulation of such assets, particularly those ones who belong to the Egyptian government.

It stressed that all banks should abide by determining all deposits consigned to them, report about them, and to ban the sell or the use of all properties including real estate and other treasured things provided that the ban will last for three years.

It also took care to call on the authorities in Egypt to apply the demands of people in a transparent and disinterested way, noting that the violent incidents which Egypt recently saw claimed the lives of many people.

The Swiss foreign ministry said that all concerned parties should now consider the country’s interest in a peaceful, constructive and cooperative way that ensures the sustainability of state institutions, and provide living under security, peace, democracy and economic boom.

Finally, Switzerland expressed its condolences for the victims who met their death as a result of the recent incidents.

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KUNA is the Kuwait News Agency

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