Hosni Mubarak's family own assets on British territory

The family of ousted Egyptian dictator Hosni Mubarak still owns assets on British territory nearly two years after British authorities called for them to be frozen, Egypt's largest investment bank has disclosed, according to a report by The Guardian. EFG Hermes, the fund's co-owners, has admitted that "to the best of [their] knowledge" Mubarak's son Gamal has a 17.5\% stake in a fund registered in the British Virgin Islands (BVI). It is 20 months since the territory's authorities issued an order calling for the freezing of Gamal Mubarak's assets. According to EFG-Hermes, Mubarak has received around $880,000 annually from the fund since it was incorporated in July 2002, though the fund currently does not contain any "meaningful" assets. "The UK government are keeping their lips sealed about this," said Osama Diab, a researcher in economic and social justice at the Egyptian Initiative for Personal Rights.