Showing posts with label swiss. Show all posts
Showing posts with label swiss. Show all posts
Saturday, February 19, 2011
Monday, February 14, 2011
'Mubarak moves assets from European banks to Gulf states'
NEW YORK: Ousted Egyptian President Hosni Mubarak has reportedly moved his family assets from European banks to institutions in Gulf region after Swiss authorities took steps to freeze his foreign accounts.
"We're aware of some urgent conversations within the Mubarak family about how to save these assets," a senior intelligence was quoted as saying by the state-run Iranian channel Press TV.
"We think their financial advisers have moved some of the money around... If he had real money in Zurich, it may be gone by now," he said.
According to channel, former president is believed to have transferred a fortune to friendly Arab states, including the United Arab Emirates and Saudi Arabia.
The report comes after Swiss authorities have announced to freeze his bank accounts. Estimates of the former Egyptian President's fortune varies -- there is a widespread rumour that it worth as much as $70 billion. However, US officials quote his family's wealth between $2 billion and 3 billion, New York Times said.
Within hours of Mubarak's resignation on Friday, "Swiss officials ordered all banks in Switzerland to search for --- and freeze --- any asset of the former president, his family or close associates," it reported.
After Mubarak's fall, there are growing calls for an accounting to begin and Egyptian opposition leaders have vowed to press for a full investigation into his finances.
Swiss vote to keep their guns at home
Swiss vote to keep their guns at home
Deutsche Welle
Feb 14, 2011
Switzerland has rejected tighter gun controls and will continue to allow citizens to keep army-issued weapons at home. A referendum that sought to have weapons stored in armories instead was rejected.
Swiss voters on Sunday rejected a proposal to ban army firearms from their homes, following a nationwide referendum.The referendum was launched by a coalition of non-governmental groups, religious authorities and center-left parties, who sought to get the weapons stored in armories instead.
Voters upheld their national tradition of having an ever-ready army, and many see keeping a weapon at home as a crucial aspect of national identity.
Just two hours after polls closed, 22 out of 26 cantons returned final results, with a majority of cantons – 17 – voting firmly against the move. For the referendum to have passed, it would have needed the support both a majority of cantons and a majority of people.
Full article here
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