Last Update 21:11
Thursday, 19 September 2019

Egypt will still recover Mubarak's overseas assets: PM

Despite court verdict in murder case, government will still continue efforts to recover stolen funds, says prime minister

Ahram Online , Tuesday 2 Dec 2014
Ibrahim Mahlab
Egyptian Prime Minister Ibrahim Mahlab speaks during a press conference in Cairo, Egypt, Saturday, Nov. 22, 2014 (Photo: AP)
Views: 1832
Views: 1832

Egypt's Prime Minister Ibrahim Mahlab said on Tuesday that the acquittal of Hosni Mubarak will not stop efforts to recovery illegal assets that the former dictator stashed abroad.

"Mubarak's acquittal has nothing to do with the money deposited abroad and does not stand in the way of recovering it," Mahlab said in a press conference held after a cabinet meeting.

Last December, Switzerland decided to refreeze $767 million of illegal gains deposited by Mubarak's regime for three more years, according to Reuters' Aswat Masriya. The Swiss decision came due to Egyptian authorities "failure to reach legal evidence against Mubarak and his family amid political turmoil."

Swiss law requires Egyptian authorities to produce legal evidence proving that the deposited funds are a result of criminal acts before the money can be returned.

On Saturday, an Egyptian criminal court dropped Mubarak's charges of corruption and killing protesters in the 2011 uprising which ended his 30-year rule. 

In other government news, Mahlab said at the press conference that the cabinet will pass a draft law determining Egypt's electoral constituencies for upcoming parliamentary polls, rolled back to spring 2015.

If the draft law is approved by the cabinet, it will be revised by the state council's legislative department and then sent to the president for final approval and issuing.

Short link:


Ahram Online welcomes readers' comments on all issues covered by the site, along with any criticisms and/or corrections. Readers are asked to limit their feedback to a maximum of 1000 characters (roughly 200 words). All comments/criticisms will, however, be subject to the following code
  • We will not publish comments which contain rude or abusive language, libelous statements, slander and personal attacks against any person/s.
  • We will not publish comments which contain racist remarks or any kind of racial or religious incitement against any group of people, in Egypt or outside it.
  • We welcome criticism of our reports and articles but we will not publish personal attacks, slander or fabrications directed against our reporters and contributing writers.
  • We reserve the right to correct, when at all possible, obvious errors in spelling and grammar. However, due to time and staffing constraints such corrections will not be made across the board or on a regular basis.

Sam Enslow
02-12-2014 09:31pm
Legal Justifucation?
No country with the rule of law can keep or take Mubarak's assets without legal justification. The courts have seen fit to find Mubarak innocent or have dismissed charges against him. Other than funds demanded by the courts, no one but Mubarak has claim to what remains his money or his family's money and other assets.
Comment's Title

© 2010 Ahram Online.