x Abu Dhabi, UAESunday 23 July 2017

Spain seizes Mubarak-linked assets

Spanish police said they have seized US$36.5 million (Dh134m) of assets linked to deposed Egyptian President Hosni Mubarak.

MADRID // Spanish police said they have seized US$36.5 million (Dh134m) of assets linked to deposed Egyptian President Hosni Mubarak.

A police statement said the assets included €18m in investments in three Spanish banks, two properties in a wealthy Madrid suburb and seven in the southern resort of Marbella. They also seized five luxury vehicles.

Police said the action was taken as a result of an international judicial petition by the Egyptian government to block assets linked to 130 people associated with Mubarak, his family and former government members.

The 84-year-old was sentenced earlier this year to life in prison for not preventing the killing of 900 protesters during an 18-day revolt that unseated him last year.