UK FCO Promises Egyptian President Asset Recovery Assisstance
The Guardian reports that the Foreign secretary has promised Egypt’s president that he will help recover assets allegedly stolen by the deposed regime.
Hosni Mubarak and his sons Gamal and Alaa are believed to have acquired billions of dollars illegally. The two sons are in custody and on trial on charges of insider trading. Their father, who had ruled Egypt for almost 30 years, is serving a life sentence for failing to prevent the killing of protesters during last year’s uprising.
Hague agreed to send a lawyer to work with Egyptian prosecutors seeking to track down the funds, but warned Morsi at a meeting in Cairo that British law requires proof the money was stolen before British authorities freeze any of the disputed assets.
Read the full report here:
Watch the Foreign Secretary’s interview with Arab media below: