Egypt freezes Mubarak’s assets, bans him from travel

Cairo, (PTI) Egypt today put a freeze on the assets of ousted president Hosni Mubarak and his family and imposed a travel ban on him and his clan, two weeks after a mass uprising threw out his regime.

Muhammad Hosni Sayyid Mubarak, Served as the fourth President of Egypt, from 1981 to 2011.

The general prosecutor Abdel Magid Mahmud ordered the financial assets inside the country of Mubarak and his family members be frozen, Al Jazeera reported.

The move comes close on the heels of an order seeking the freezing of the family’s financial assets in foreign countries, following which the foreign ministry approached foreign governments and financial institutions. The order also imposed a travel ban on the former president and his family pending further investigation.

The ban would apply to wife Suzanne, and his two sons Ala and Gamal, and their wives. Mubarak was forced to step down on February 11 after being at the helm of the country for 32 years.

Hosni Mubarak

Hosni Mubarak has stepped down as the president of Egypt, handing control of the country to the armed forces. Mubarak stepped down after eighteen days of mass protests across the country.

Muhammad Hosni Sayyid Mubarak

“In these difficult circumstances that the country is passing through, President Hosni Mubarak has decided to leave the position of the presidency. He has commissioned the armed forces council to direct the issues of the state,” said the vice president of Egypt, Omar Suleiman. Both houses of parliament and the cabinet are expected to be suspended following Mubarak’s resignation the BBC reports, quoting Al-Arabiya.

In response to the resignation, Nobel Peace laureate Mohamed ElBaradei stated that “This is the greatest day of my life. The country has been liberated.”

Mubarak had been Egypt’s president for nearly 30 years.

Egyptian president will not seek re-election in September after protests

Egyptian president Hosni Mubarak has announced that he will not seek re-election in September 2011, after an uprising against him across the country. Mubarak stated on state television, “I will say with all honesty and without looking at this particular situation that I was not intent on standing for the next elections, because I have spent enough time in serving Egypt.” Mubarak added, “I am now careful to conclude my work for Egypt by presenting Egypt to the next government in a constitutional way which will protect Egypt.”

President Muhammad Hosni Sayyid Mubarak with George W. Bush.

Soon after his announcement, protesters filled the street, demanding that he resign immediately. United States president Barack Obama spoke with Mubarak after the announcement to discuss the situation in Egypt. Obama said at the White House, “[Mubarak] recognizes that the status quo is not sustainable and that change must take place. […] My belief that an orderly transition must be meaningful, it must be peaceful, and it must begin now.”

The country has released statements since Sunday calling for a “orderly transition”, with interim leadership to prepare for the September election. United States Senator John F. Kerry called upon Hosni to work to create “an interim, caretaker government as soon as possible to oversee an orderly transition in the coming months.” In Egypt, the address sparked rioting after, as citizens were angered that the president refused to resign at once. The popular uprising in Egypt began on January 25, 2011, in the wake of the Tunisian uprising weeks before.

%d bloggers like this: