Egyptian-Swiss talks to be held in Cairo over Mubarak’s smuggled funds

A Cabinet source said official talks will be held on Monday between officials from the Ministry of Justice and Swiss top prosecutor, who will be visiting Cairo to discuss the Egyptian funds smuggled to Swiss banks by former President Hosni Mubarak and figures from his regime.
The source told Al-Masry Al-Youm that the Swiss top prosecutor will meet Egyptian top prosecutor Hesham Barakat, head of the Illicit Gains Authority Ibrahim al-Henaidy, and Justice Minister Adel Abdel Hameed.
The Cabinet is making intensive efforts with a number of European countries in order to obtain necessary information that might help restore the money smuggled abroad, the source added.
Switzerland has halted its cooperation with Egypt after toppled President Mohamed Morsy issued a constitutional declaration sacking Mubarak-era prosecutor Abdel Meguid Mahmoud.
Switzerland decided on 12 February 2011 to freeze the funds of Mubarak and his family and some of the members of his regime for a period of three years. The frozen money totaled 780 million Swiss francs (US$876 million).
Edited translation from Al-Masry Al-Youm

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