Breaking News |

Switzerland rejects Egypt's request to recover smuggled funds

Saturday, February 02, 2013 4:59 PM 
The Swiss flag in Geneva - Reuters

Head of the International Cooperation Bureau, Kamel Gerges, said on Saturday that the Swiss Federal Court rejected Egypt's request to retrieve the smuggled funds to Switzerland.

It was announced in press conference held on Saturday to present the results of the negotiations with Switzerland on the recovery of the money smuggled by icons of the former regime, toppled in February 2011.

Switzerland's authorities have responded to Egypt's request to recover the smuggled funds by drafting a law that enables Egypt to retrieve these funds.

The law would allow Egypt to overcome a Swiss federal court ruling that rejected Egypt's request to recover its stolen funds.

This content is from : Aswat Masriya
Aswat Masriya is a free website. Everyone is encouraged to use the content produced by Aswat Masriya journalists, as long as the website is credited and a link back to the website is included. Content from our content partners or Reuters cannot be republished without permission

Leave a comment

IMPORTANT: Aswat Masriya is not responsible for the content of any comment.

About Us | Contact Us | Terms Of Use All rights reserved 2016 Aswat Masriya ©