Mubarak money being tracked in Europe

A committee has been set up in Egypt to track down and recover the frozen assets which once belonged to deposed President Hosni Mubarak.

They will also look into money held by some of Mubarak’s associates, in order to restore them to the state.

European Union governments agreed on March 21st to freeze the assets of Mubarak and 18 others.

Most of the money is in Switzerland, which was one of the first countries to decide to hold the funds for the Egyptian military, which is now in charge in Egypt.

The activists who toppled the Mubarak regime have been insisting that aggressive measures should be used to get back the assets, which are believed to run into billions of dollars.

It has been alleged there are also other secret overseas bank accounts held by Mubarak and senior aides.


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