Talks on returning Mubarak funds "constructive"

Switzerland will continue to assist the Egyptian government with its efforts to reclaim frozen assets belonging to former President Hosni Mubarak and his entourage.

This content was published on May 11, 2011 - 14:50 and agencies

Switzerland has frozen SFr410 million ($466 million) in assets held by 12 people, including Mubarak, family members and four government ministers.

A team of Swiss experts were in Cairo on May 10 and 11 to assist Egyptian judicial authorities in establishing mutual legal assistance procedures, the foreign ministry said in a statement.

“The talks focused on the technical aspects of the judicial cooperation between the two countries,” the foreign ministry said.

"They have taken place in a very cooperative and constructive atmosphere and it has been convened to continue them.”

Earlier on Wednesday, the Egyptian state news agency Mena reported that the talks had been “fruitful”.

For the assets to be returned, Egypt must determine, through criminal proceedings, whether they had been illegally acquired, the foreign ministry said.

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