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Spain seizes $36.5 mln in Mubarak-linked assets

Thursday - 12/13/2012, 4:37am  ET

MADRID (AP) - Spanish police say they have seized some (EURO)28 million ($36.5 million) of assets linked to deposed Egyptian President Hosni Mubarak.

A police statement Thursday said the assets included (EURO)18 million in investments in three Spanish banks, two properties in a wealthy Madrid suburb and seven in the southern jet set resort of Marbella. They also seized five luxury vehicles.

Police said the action was taken as a result of an international judicial petition by the Egyptian government to block assets linked to 130 people associated with Mubarak, his family and former government members.

The 84-year-old was sentenced earlier this year to life in prison for not preventing the killing of 900 protesters during an 18-day revolt that unseated him last year. Mubarak ruled Egypt for three decades.


(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)