Tags: Egypt | Shafiq | assets | freeze

Egypt Freezes Assets of Ex-candidate, Ex-PM Shafiq

Sunday, 21 Oct 2012 11:43 AM

CAIRO — Egyptian authorities say they are freezing the assets of presidential candidate and former Prime Minister Ahmed Shafiq and his daughters as part of the investigation into his wealth.

The decision Sunday by the Illicit Gains Authority is the latest legal move against Shafiq, who held senior posts under deposed president Hosni Mubarak. He faces trial on corruption charges.

Shafiq ran in Egypt's first presidential elections after Mubarak's ouster, narrowly losing to Muslim Brotherhood candidate Mohammed Morsi.

Soon afterward he left the country with his family to the United Arab Emirates.

The authority said in a statement that investigations show Shafiq has real estate and financial assets including 12 villas, four chalets and two apartments.

Shafiq has repeatedly denied allegations and said the case against him is politically motivated.

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MiddleEast
Egyptian authorities say they are freezing the assets of presidential candidate and former Prime Minister Ahmed Shafiq and his daughters as part of the investigation into his wealth.
Egypt,Shafiq,assets,freeze
129
2012-43-21
Sunday, 21 Oct 2012 11:43 AM
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