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Frozen funds belonging to Mubarak, his family, others amounts to 430m francs: Swiss attorney - Daily News Egypt

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Frozen funds belonging to Mubarak, his family, others amounts to 430m francs: Swiss attorney

The news was released as part of the Swiss investigation into the case


The frozen funds belonging to the family of former president Hosni Mubarak and other figures residing in swiss banks amounts to 430m Swiss francs, Swiss attorney general Michael Lauber announced Saturday.

The news was released as part of the Swiss investigation into the case.

In June 2015, the Swiss attorney general decided to halt investigations into the case, but the Egyptian government appealed the decision. Swiss authorities, however, continued investigating the money laundering charges and the assets were kept frozen.

Later, Switzerland’s Federal Supreme Court accepted the appeal and resumed investigating charges against Mubarak, his family, and other associates for supporting and forming a criminal organisation.

Topics: hosni mubarak

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  • Reform

    This announcement is scary on 2 levels:

    1. how does an army officer with humble family roots turn president amass $430m unless the thug was corrupt to the core? What kind of president’s ‘salary’ this thief was paid to end up with so much ‘savings’
    2. These are only the liquid assets in ONE tax haven; how many other hideouts the Mubarak thugs put their cash, real estates, and other assets!

    Why this thug is not sharing a cell with the radical Morsi?

https://dailynewsegypt.com/2016/12/17/frozen-assets-belonging-mubarak-family-others-amounts-430m-francs-swiss-attorney/
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