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UK is Hiding billions of Dollars Stolen from Egypt. - Foreign Affairs - Nairaland 2th3c

UK is Hiding billions of Dollars Stolen from Egypt. (852 Views)

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panafrican(m): 2:53am On Sep 03, 2012
angry Blame african dictators and make profit from the money they stole from the people, this is how
european Democracy works.

BBC News 2 September 2012 Last updated at 20:30 ET.

UK 'fails to freeze' Mubarak-era assets By Tim Whewell
BBC Newsnight


There is no freeze on Gamal Mubarak's UK home

The UK government is failing in its commitment to freeze assets of the regime of former Egyptian leader Hosni Mubarak, a BBC investigation has found.

Publicly available documents reveal property and companies linked to key figures in the Mubarak circle that have been unaffected by sanctions.

Egyptian officials accuse the UK of hiding stolen wealth and breaching international anti-corruption accords.

The UK says it is doing as much as it can to trace the funds.

Reports that President Hosni Mubarak and his inner circle stole tens of billions of dollars helped fuel the revolution which overthrew him on 11 February last year.

Three days later, UK Foreign Secretary William Hague told parliament the UK would co-operate with an Egyptian government request to freeze the assets of several former officials.

But it was a further 37 days before Britain and other EU states applied the sanctions - a period when Egypt says the accused officials were able to move their money elsewhere.
Continue reading @ http://www.bbc.co.uk/news/world-middle-east-19459177

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