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Thursday, 7 September 2017

Investigations into Mubarak-era figures frozen assets still ongoing -Swiss embassy

Investigations into the frozen assets of Mubarak-era figures are still ongoingindependently in Switzerland and Egypt, the Swiss embassy said in a statement picked up by Ahram Gate. The statement denies Swiss media reports that claimed Switzerland’s Office of the Attorney General decided to “cease providing legal aid for pending requests from Egypt” and that Swiss proceedings on the issue “at a dead end now,” according to swissinfo.ch. “[The embassy] would like to make it clear that cooperation between the Arab Republic of Egypt and Switzerland on this issue was and is still going very well,” the statement adds. The investigation is looking into the finances of six Mubarak-era figures with combine assets of c. CHF 430 mn (USD 446 mn).

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