April 5 2017
Spanish authorities said Tuesday that they have seized 503 properties worth US$ 740 million from the uncle of Syrian President Bashar Al Assad and his relatives as part of a money laundering investigation. Rifaat al-Assad, uncle of Syrian President Bashar al-Assad. The confiscated assets include garages, holiday homes, apartments in a luxury hotel and a 33 million square meter estate that occupies a third of a little town. All properties are located in or around Port of Malaga Banus and Marbella. The accounts of 16 individuals and 76 companies linked to Al Assad have been blocked, the statement said.