21 January 2013

Egypt: Switzerland Willing to Help Egypt Retrieve Looted Funds

Switzerland wants to help Egypt retrieve all its smuggled funds from Swiss banks, said Swiss Ambassador here Dominik Furgler.

Egypt's courts must issue rulings confirming that the money deposited at Swiss banks were illegal, Furgler said on the sidelines of signing a framework agreement for technical cooperation with Egyptian Planning and International Cooperation Minister Ashraf el-Arabi.

A meeting will be held next week in the Swiss city of Lausanne between Egyptian and Swiss experts to discuss the issue, he said.

Copyright © 2013 Egypt State Information Service. 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.