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Friday, 17 June 2011

Spain freezes 33 million euros in accounts held by detained associate of Hosni Mubarak

Spain says it has frozen €33 million ($47 million) in accounts held by a detained associate of Hosni Mubarak and relatives of the detainee.

A police statement issued Friday says Hussein Salem, his son and an associate described as a frontman were arrested in Spain. The money was allegedly obtained illegally in Egypt and sent to accounts in Spain held by Salem and his family. Police also seized homes worth €10 million.

 

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