Tuesday, March 8, 2011

Hosni Mubarak Loses Appeal To Stop Seizure Of His Billions

Credit declined: President Hosni Mubarak is believed to have made billions of dollars during his dictatorship that lasted for nearly 30 years

Outsted Egyptian Dictator Hosni Mubarak Loses Appeal To Stop Prosecutors Seizing His Billions -- The Daily Mail

An Egyptian court has blocked an appeal by ousted President Hosni Mubarak, desperate to get his money on billions of dollars he syphoned away during his dictatorship.

The move paves the way for prosecutors to seize the cash and it now looks like there will be a criminal investigation and possible trial.

Mubarak stepped down on February 11 after 18 days of protests across Egypt demanding his removal from office after nearly 30 years in power.

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More News On Egypt Seizing The Mubarak Family Fortune

Egyptian Court Upholds Decision to Freeze Mubarak Assets
-- Voice of America
Cairo court upholds freeze on Mubarak's assets -- CNN
Egypt court upholds Mubarak asset freeze -- AFP
Egyptian court upholds decision to freeze Mubarak assets -- Xinhuanet

My Comment: The greed of this family is unbelievable .... but after 30 years in power, what would you expect.

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