Spanish police announced that they froze the assets of one of dethroned 30-year Egyptian dictator Hosni Mubarak's inner-circle.
International authorities are hopeful that the seizure of the holdings and the arrest of Mubarak's associates will lead them to former President Mubarak's own coffers, according the Associated Press (AP).
The assets amount to well over $46 million and several properties. Spanish authorities said that well over half of the amount was illegally obtained in Europe, according to an article from the Agence France-Press (AFP).
Egyptian authorities revealed to the AFP that the suspect, now in detention with his son and alleged frontman, was Hussein Salem, an aide and business associate of the ousted Egyptian leader.
Charged last month, the suspects are expected to appear in Spanish court in August, according to the AP.