Jump to content
Your browser is out of date. It has known security flaws and may not display all features of this websites. Learn how to update your browser[Close]

Mubarak fallout

Federal Court rules in favour of Egypt

The Federal Criminal Court in Bellinzona (Keystone)

The Federal Criminal Court in Bellinzona


The Federal Criminal Court in Bellinzona has confirmed the right of Egypt to be a plaintiff in the criminal case against members of former President Hosni Mubarak’s entourage for money laundering.

The Federal Prosecutor’s Office launched criminal proceedings against a dozen people, including Mubarak family members and close associates, for money laundering and organised crime offences following the dictator’s fall from power in February last year.

The move was in parallel to the government’s freezing of SFr410 million ($442 million) in assets held in Switzerland by Mubarak’s entourage.

According to the court’s ruling on Thursday, Egypt had been injured by the alleged corrupt actions committed by Mubarak’s former network of associates and family members. The court said it could not rule out the possibility that an organised criminal network was involved.

Egyptian authorities believe Mubarak’s two sons Alaa and Gamal stashed an estimated $340 million in Swiss bank accounts, with the majority - $300 million – held by Alaa.

The Mubarak family has insisted that money held in Switzerland by the two sons are “legal profits” connected with their work in stock market consulting with clients outside Egypt.

Swiss law only allows for money frozen in its banks to be confiscated and returned after its source has been declared illicit by a court. The Federal Prosecutor’s Office received a formal request from Egypt for mutual legal assistance concerning the restitution of funds last August.

swissinfo.ch and agencies



All rights reserved. The content of the website by swissinfo.ch is copyrighted. It is intended for private use only. Any other use of the website content beyond the use stipulated above, particularly the distribution, modification, transmission, storage and copying requires prior written consent of swissinfo.ch. Should you be interested in any such use of the website content, please contact us via contact@swissinfo.ch.

As regards the use for private purposes, it is only permitted to use a hyperlink to specific content, and to place it on your own website or a website of third parties. The swissinfo.ch website content may only be embedded in an ad-free environment without any modifications. Specifically applying to all software, folders, data and their content provided for download by the swissinfo.ch website, a basic, non-exclusive and non-transferable license is granted that is restricted to the one-time downloading and saving of said data on private devices. All other rights remain the property of swissinfo.ch. In particular, any sale or commercial use of these data is prohibited.