14 October 2012

Egypt: Prime Minister Asks Switzerland to Accelerate Money Recovery

Prime Minister Hisham Kandil asked the Swiss Foreign Minister Didier Burkhalter on Sunday to accelerate the recovery of Egypt's smuggled money.

In a meeting between the two in Cairo, they discussed enhancing economic cooperation between the two countries.

Egypt once occupied second place in Africa to attract Swiss businessmen and investors, according to its foreign ministry's official webpage.

Switzerland froze $700 million belonging to 14 Egyptian ex-regime figures following the toppling of Hosni Mubarak.

The Swiss mission in Cairo announced last September that after consultations with the Egyptian authorities, it added 17 new names to the frozen-assets list.

Copyright © 2012 Aswat Masriya. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.

AllAfrica publishes around 2,000 reports a day from more than 130 news organizations and over 200 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.