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EU extends freeze on Mubarak’s assets – source

The European Union has agreed to extend a freeze on the assets on deposed Egyptian president Hosni Mubarak and his sons Gamal and Alaa, as well as 14 others, to 2020, according to a source.

The last asset freeze for Mubarak and the 16 others expired on 19 March, 2017.

The EU decision to extend the asset freeze came upon the request of the Egyptian authorities. Through diplomatic channels and the Egyptian foreign ministry, the Egyptian justice ministry and prosecutor-general addressed the European Union, requesting that the freeze on the assets of Mubarak and his family, as well as those of members of his regime, be extended on the grounds that they are charged in lawsuits inside and outside Egypt.

In a lawsuit dubbed in the media as the “Ahram gifts” case, Mubarak is accused of illegally receiving gifts from the state-owned Al-Ahram media organisation. Mubarak was also convicted, in a separate case, of embezzlement and seizing public funds for the presidential palaces. He was sentenced for three years in prison.

The source said that the EU is expected to issue a press release on the extension of the freeze imposed on Mubarak’s assets.

Hosni Mubarak, who ruled Egypt for 30 years, was ousted in a popular uprising in 2011.

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