the circus
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- Oct 24, 2011
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British government inactive on freezing Mubarak regime accounts
The British government has allowed 19 members accused of embezzling under the former regime to keep for the past year and a half financial assets and real estate whose value is estimated in the millions, an investigation by the BBC found.
The UK is one of the worst countries when it comes to tracing and freezing Egyptian assets, Mohamed Mahsoub Abdel Meguid, a public investigator and newly appointed legal and parliamentary affairs minister, told BBC Arabic. The UK is doing nothing less than bleeding Egyptian assets, which can only be to the detriment of the Egyptian nation.
The six-month investigation conducted by BBC Arabic and released first by The Guardian newspaper and London-based channel Al-Hayat has found millions of pounds in assets unfrozen in violation of international sanctions, including properties in Knightsbridge and Chelsea, and companies registered in the UK. Meanwhile, the British government says it has frozen about US$125 million of Egyptian money.
British government inactive on freezing Mubarak regime accounts | Egypt Independent
The British government has allowed 19 members accused of embezzling under the former regime to keep for the past year and a half financial assets and real estate whose value is estimated in the millions, an investigation by the BBC found.
The UK is one of the worst countries when it comes to tracing and freezing Egyptian assets, Mohamed Mahsoub Abdel Meguid, a public investigator and newly appointed legal and parliamentary affairs minister, told BBC Arabic. The UK is doing nothing less than bleeding Egyptian assets, which can only be to the detriment of the Egyptian nation.
The six-month investigation conducted by BBC Arabic and released first by The Guardian newspaper and London-based channel Al-Hayat has found millions of pounds in assets unfrozen in violation of international sanctions, including properties in Knightsbridge and Chelsea, and companies registered in the UK. Meanwhile, the British government says it has frozen about US$125 million of Egyptian money.
British government inactive on freezing Mubarak regime accounts | Egypt Independent