Swiss law firm to track former Egyptian officials' money

Ahram Online , Tuesday 3 May 2011

Swiss government freezes accounts linked to former Egyptian regime worth 410 million francs

Assem El-Gohary, head of the Illicit Profiteering Authority, has hired a Swiss law firm to take the necessary legal measures at the Swiss Federal Court in order to uncover details of accounts belonging to Egyptians that were frozen by the Swiss government yesterday. The value of these accounts was estimated at 410 million Swiss francs.

El-Gohary said the money belongs to 15 former Egyptian officials, including the family of ousted President Hosni Mubarak.

He added that the Illicit Profiteering Authority had requested the freezing of the foreign accounts of the 15 former officials, including former minister of industry Rashid Mohamed Rashid, former senior NDP member and businessman Ahmed Ezz, former minister of housing Ahmed El-Maghraby and former minister of finance Botros Ghali.

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