SWISS BANK HAS FROZEN MUBARAK'S ILL-GOTTEN ASSETS

ZURICH (Reuters) – Switzerland has frozen assets possibly belonging to Hosni Mubarak (PIC LEFT), who stepped down as president of Egypt Friday after 30 years of rule, a spokesman for the foreign ministry said.

"I can confirm that Switzerland has frozen possible assets of the former Egyptian president with immediate effect," spokesman Lars Knuchel said, declining to specify how much money was involved.

In recent years, Switzerland has worked hard to improve its image as a haven for ill-gotten assets and has also frozen assets belonging to Tunisia's former President Zine al-Abidine Ben Ali (PIC RIGHT) as well as those of Ivory Coast's Laurent Gbagbo.