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| Hague steps in over Mubarak assets dispute | Hague steps in over Mubarak assets dispute |
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| Britain's foreign secretary, William Hague, promised Egypt's president Mohamed Morsi to help resolve a dispute over assets allegedly stolen and deposited in Britain by members of the regime of the deposed president, Hosni Mubarak. | Britain's foreign secretary, William Hague, promised Egypt's president Mohamed Morsi to help resolve a dispute over assets allegedly stolen and deposited in Britain by members of the regime of the deposed president, Hosni Mubarak. |
| A six-month investigation, conducted by BBC Arabic and released in conjunction with the Guardian and the pan-Arab newspaper al-Hayat earlier this month, identified many valuable assets linked to the family of Egypt's toppled president Hosni Mubarak that had not been frozen. | A six-month investigation, conducted by BBC Arabic and released in conjunction with the Guardian and the pan-Arab newspaper al-Hayat earlier this month, identified many valuable assets linked to the family of Egypt's toppled president Hosni Mubarak that had not been frozen. |
| These included luxury houses in Chelsea and Knightsbridge and companies registered in central London. One member of Mubarak's inner circle had even been permitted to set up a UK-based business in recent months, despite being named on a British Treasury sanctions list of Egyptians linked to misappropriated assets and subject to an asset-freeze. | These included luxury houses in Chelsea and Knightsbridge and companies registered in central London. One member of Mubarak's inner circle had even been permitted to set up a UK-based business in recent months, despite being named on a British Treasury sanctions list of Egyptians linked to misappropriated assets and subject to an asset-freeze. |
| Hosni Mubarak and his sons Gamal and Alaa are believed to have acquired billions of dollars illegally. The two sons are in custody and on trial on charges of insider trading. Their father, who had ruled Egypt for almost 30 years, is serving a life sentence for failing to prevent the killing of protesters during last year's uprising. | Hosni Mubarak and his sons Gamal and Alaa are believed to have acquired billions of dollars illegally. The two sons are in custody and on trial on charges of insider trading. Their father, who had ruled Egypt for almost 30 years, is serving a life sentence for failing to prevent the killing of protesters during last year's uprising. |
| Hague agreed to send a lawyer to work with Egyptian prosecutors seeking to track down the funds, but warned Morsi at a meeting in Cairo that British law requires proof the money was stolen before British authorities freeze any of the disputed assets. | Hague agreed to send a lawyer to work with Egyptian prosecutors seeking to track down the funds, but warned Morsi at a meeting in Cairo that British law requires proof the money was stolen before British authorities freeze any of the disputed assets. |
| Earlier on Tuesday, US president Barack Obama reaffirmed American support for Arab spring nations seeking to recover possible billions of dollars in assets stashed away by members of toppled regimes. | Earlier on Tuesday, US president Barack Obama reaffirmed American support for Arab spring nations seeking to recover possible billions of dollars in assets stashed away by members of toppled regimes. |
| It was Hague's first visit to Egypt since Morsi's election in June, and coincided with an attack on the US embassy in Cairo. Protesters climbed the walls, made their way into the courtyard, brought down the American flag and tore it up in protest at a film they said defamed Islam's prophet, Muhammad. | It was Hague's first visit to Egypt since Morsi's election in June, and coincided with an attack on the US embassy in Cairo. Protesters climbed the walls, made their way into the courtyard, brought down the American flag and tore it up in protest at a film they said defamed Islam's prophet, Muhammad. |
| Hague and Morsi also discussed Egypt's efforts to bring back British tourists, who have frequented the country's archaeological sites and its beaches before political turmoil hit the country. | Hague and Morsi also discussed Egypt's efforts to bring back British tourists, who have frequented the country's archaeological sites and its beaches before political turmoil hit the country. |
| They talked about possibilities of extraditing wanted people, who are believed to be residing in their respective countries, including former Egyptian Investment Minister, Yousef Boutros-Ghali. He is a nephew of the former UN secretary-general Boutros Boutros-Ghali and is believed to be living in London. | They talked about possibilities of extraditing wanted people, who are believed to be residing in their respective countries, including former Egyptian Investment Minister, Yousef Boutros-Ghali. He is a nephew of the former UN secretary-general Boutros Boutros-Ghali and is believed to be living in London. |
| Youssef Boutros-Ghali was tried in absentia in an Egyptian courtin June. He was convicted on charges of abusing authority and squandering public funds and was sentenced to 30 years in prison. | Youssef Boutros-Ghali was tried in absentia in an Egyptian courtin June. He was convicted on charges of abusing authority and squandering public funds and was sentenced to 30 years in prison. |
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