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Sunday, 25 November 2018

EU General Court upholds asset freeze on Mubarak family

The General Court of the European Union upheld a Council of the European Union ruling on Thursday to freeze the assets of family members of former Egyptian President Hosni Mubarak. "The General Court upholds the Council’s decision to freeze the assets of members of the Hosni Mubarak family, on the basis of judicial proceedings relating to misappropriation of Egyptian State funds," the court said in a statement (pdf). Gamal and Alaa had been briefly arrested in September over allegations of stock market manipulation, causing the EGX30 to drop by 3.6%.

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