Mubarak did not appeal to unfreeze assets abroad: official
Former President Hosni Mubarak - YOUM7 (Archive)
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CAIRO: Egypt denied receiving official notices from European countries, particularly Switzerland, regarding an appeal that was filed by former President Hosni Mubarak to unfreeze his assets, Assistant Minister of Justice for international cooperation affaires Adel Fahmy told Youm7 Thursday.

On Dec. 1, a judicial source at the Ministry of Justice told Youm7 that Mubaraks’ lawyer in Switzerland challenged the freezing of his assets after being acquitted over charges of illicit money gains and profiteering.

On Nov. 29, Mubarak along with his two sons Gamal and Alaa, and Egyptian Businessman Hussein Salem were acquitted of wasting public funds by exporting gas to Israel at below-market prices. A day later, General Attorney Hisham Barakat filed a challenge against the acquittal verdicts to the Court of Cassation, the final appeals court.

“If that thing (the appealing) happened, the Egyptian side should be informed,” Fahmy added, noting that Egypt is seeking to reclaim the smuggled money abroad and waiting for the issuance of final court verdicts.

An estimated amount of 650 million Swiss francs ($664 million) was smuggled out of Egypt to Switzerland during the former President Hosni Mubarak’s tenure, Swiss Foreign Ministry spokesperson Pierre-Alain Eltschinger previously told The Cairo Post. Switzerland is the only country to have revealed the amount of the smuggled money.

Over $ 1.5 b funds have been smuggled outside Egypt to several European countries, Assistant Minister of Justice for Illicit Gain Affairs Youssef Othman said in an interview with CBC channel in November.

 

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