Assad Liquidating Overseas Property to Avoid Confiscation | Yalla Finance

Assad Liquidating Overseas Property to Avoid Confiscation | Yalla Finance

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It has been reported that Syria’s Assad family has been liquidating their multimillion pound property empire, including flats and houses in London.

The properties include a 10 million pound town house in Mayfair bought by Rifaat al-Assad, the so-called ‘Butcher of Hama’, who is accused of leading a massacre of up to 40,000 people 30 years ago.

The sell-off suggests the Assads are liquidating their assets in the chance the regime is forced from power in Syria. London property belonging to toppled dictators Muammar Gaddafi of Libya, Hosni Mubarak of Egypt, and Zine El Abidine Ben Ali of Tunisia, were seized soon after they fell.

Rifaat, Bashar al-Assad’s uncle has sold off his huge property portfolio in the United States, London, Spain and France. His nephew, Bashar al-Assad, is currently leading a ruthless and bloody campaign against pro-democracy campaigners. The UN human rights office, on Thursday, raised the tally of people killed during seven months of unrest to more than 2,900.