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.

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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.

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