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Asharq Al-Awsat
Asharq Al-Awsat
World
Cairo - Asharq Al-Awsat

Egypt: Mubarak's Family Hails Swiss Decision to Release Funds as 'Full Exoneration'

Hosni Mubarak Egypt Alaa OAG Switzerland
Hosni Mubarak with his sons at court, Egypt (File photo: AP)

Swiss prosecutors dropped an 11-year investigation into alleged money laundering and organized crime by Egyptians close to late former President Hosni Mubarak, toppled by the January 2011 uprising.

The office of the Swiss attorney general said Wednesday that despite the numerous "inquiries and having transferred 32 million Swiss francs to Egypt in 2018, the Office of the Attorney General (OAG) must now accept that the investigation has been unable to substantiate suspicions that would justify the indictment of anyone in Switzerland or any forfeiture of assets."

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