14 Mar, 2012 @ 09:05
1 min read

Mubarak associate faces extradition from Spain as seven homes are seized

A SPANISH court has ordered the extradition of an associate of former Egyptian President Hosni Mubarak on money laundering and corruption charges.

Hussein Salem had 33 million euros in accounts frozen by investigators, while police seized homes worth 10 million euros including seven in Marbella.

Salem – who holds both Spanish and Egyptian passports – was arrested in Madrid last June and had his bail set at 27 million euros.

He allegedly sent money illegally from Egypt to Spain through several firms.

Eloise Horsfield

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2 Comments

  1. In the UK he is classed as a “tycoon”.
    Maybe some of his seized assets will be used to help solve Spain’s economic problems… bankers’ bonuses, trips to Marbella… etc

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