Last Update 23:15
Wednesday, 21 August 2019

Egyptian judges undermine the hunt for Mubarak's fortune: Judicial official

An Egyptian justice ministry official talks to Ahram Online, blaming all sides of the current political struggle in the judiciary for failing to trace the fortune of toppled president Hosni Mubarak

Amer Sultan in London, Saturday 22 Dec 2012
Mubarak
Mubarak's family (Photo: Al-Ahram)
Share/Bookmark
Views: 2238
Share/Bookmark
Views: 2238

The Federal Supreme Court of Switzerland voided last week a previous decision of the Swiss Federal Prosecution to enable Egyptian authorities access to the results of the Swiss investigations into Mubarak family assets.

“Such access would give us very crucial information, not only about the source the Mubarak family money, but also about how they would transfer these funds from Egypt”, a very high-level official in Egypt's Justice Ministry told Ahram Online.

“We were nearly there.”

“The chaos in our judiciary and political rifts among judges and prosecutors are the main reason behind such a disappointing decision”, added the official who asked not to be identified.

Michael Lauber, the Swiss Federal Prosecutor, had decided to permit Egyptian authorities to get information about the results of the Swiss investigation into the sources of Mubaraks “assets in the Switzerland and the ways used to channel monies from Egypt to the Swiss banks.

However, the Egyptian authorities signed an official pledge not to use any information they may get in any other cases against Mubarak in Egypt or other country than Switzerland. 

 Mr Lauber has announced earlier that he had a team of more than 20 police investigators tracing suspected illicit Egyptian assets.

The Swiss authorities have frozen about £470m of suspect Egyptian assets since the overthrow of Mubarak “s regime on February, 11, 2011.

Farid Aldeeb, the Egyptian attorney of Mubaraks , has repeatedly argued that their assets are legitimate. 

Mubaraks lawyers in Switzerland used the public statements of different senior judges and prosecutors to support their argument that in such political and judicial circumstances, the Egyptian authorities will not be able to meet its commitment not misuse the information about Mubaraks” assets in Switzerland. 

“The elements of the toppled regime are still very active and spend a lot of money to submarine our endeavours to expatriate of billions of dollars, which were siphoned from the public purse,” the Egyptian judicial official said.

Ahram Online has also been privy to information that the Egyptian authorities are also after safes Mubaraks have in the Swiss banks. They believe these safes may have a lot of valuables.

“We are very keen to know how many safes Mubarak and his sons have in the Swiss banks and their contents.”

However, the official pointed out that the contents of the safes may include “very state sensitive documents.”   

The official urges all the Egyptian judges to stay out of politics.

Short link:

 

Email
 
Name
 
Comment's
Title
 
Comment
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.
3



WARahman
23-12-2012 05:22am
0-
0+
Get The Money in Swiss Bank to fund the Deficiet Budget
Egypt should not borrow from the IMF, instead it should fund itself by confiscating mubaraks and his other Cohorts illegally hoarded money in offshore accounts in the billions of dollars all over the world.
Email
 
Name
 
Comment's Title
 
Comment
2



abdul rahman
23-12-2012 02:08am
0-
5+
funds for anti revolution
You are highly appreciaated for this report.This judicial official is a hero for the courage to expose the failure of his own comrades in arms. They will continue to assist mubarak and his henchmen to fight the revolution. Al ahram should be calling all powerful, high ranking loyal egyptian patriots and all citizens to rise up and demand the judges to act to get back the illegal funds now hidden as mentioned by you. These funds must be stopped from being used to fight the revolution and instead be used by the government for the development of egypt. The voice of the majority shall prevail.
Email
 
Name
 
Comment's Title
 
Comment
1



hunayn
22-12-2012 08:40pm
0-
12+
enough money to fund shortfall
Egypt should not borrow from the IMF, instead it should fund itself by confiscating mubaraks illegally hoarded money which is still in offshore accounts in the billions of dollars
Email
 
Name
 
Comment's Title
 
Comment
Latest

© 2010 Ahram Online.