FINANCIAL NEWS

UAE CB orders banks to freeze Ben Ali’s assets

09 Jun 2011

(MENAFN) The UAE Central Bank said that it obligated banks in the country to search for and freeze all assets of Tunisia’s former president Zain Al Abidine Ben Ali, his wife, and other Tunisian’s, reported Emirates 24/7.

The central bank added that it received a request from the Tunisian public prosecutor to freeze the assets that include accounts, deposits and investments of the former president who left to Saudi Arabia following the revolt against his rule.

On the other hand, several European banks froze Ben Ali’s assets following a requirement by the Tunisian interim administration, which also asked for the expulsion of Ben Ali and his wife out from Saudi Arabia.

It is worth noting that Ben Ali family members said he suffered a stroke in February and he has made no public appearances. Recently, his French lawyer Jean-Yves Le Borgne said Ben Ali describes his imminent trial in Tunisia on corruption charges as a masquerade.

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