Spanish authorities froze former Egyptian ruler Hosni Mubarak bank accounts containing 18.4 million Euros in cash and financial investments, and seized a string of luxury properties across Spain.

Egypt requested Spain's help under UN anti-corruption conventions to find and block assets owned by Mubarak, his family, top aides and their related companies, said a statement issued by Spain's national police.

In all, a list of 130 people connected to Mubarak and the former Egyptian regime were passed to Spanish authorities.

Among the assets seized were two houses in La Moraleja – one of Madrid's most desirable residential districts – with a combined value of around seven million Euros.

Seven other properties in and around Marbella, the glitzy resort on Spain's south coast that is a popular destination for wealthy Arabs, were seized with an estimated combined worth of around 3 million Euros.

Five luxury cars were also held.

According police , the assets could be the proceeds of crimes such as the embezzlement of public funds, corruption, or the illegal enrichment committed during his mandate.

Egypt has asked several countries in Europe and elsewhere to locate assets of Mubarak and people close to him.

The former Egyptian president is suspected of amassing a fortune of more than 5 billion dollars and using the 18 days it took for his regime to topple to shift his vast wealth overseas.

From the Telegraph.