19 November 2012

Egypt: Swiss Foreign Ministry - Nation's Efforts to Retrieve Smuggled Funds

The Swiss Foreign Ministry underlined the necessity of cooperation with Egypt to restore its looted funds.

In a statement of which the Middle East News Agency obtained a copy on Sunday, Valentin Zellweger, the head of the ministry's international law department said that recovery of the money is a time-consuming process that requires the political will of the two sides.

Zellweger asserted the importance of establishing partnerships based on dialogue and regular contacts.

Switzerland's move to freeze the funds of ousted president Hosni Mubarak and his aides shortly after the revolution indicates that the Swiss government is ready to cooperate and to return the looted funds as soon as possible, he added.

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