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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.

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