Switzerland will not release frozen Egyptian assets before Mubarak is sentenced

Confusion surrounds the validity of a new Swiss law dealing with the return of illegal assets in the case of Egypt

The Swiss embassy in Cairo has stated that for frozen Egyptian assets held in Switzerland to be returned, ousted president Hosni Mubarak, and other members of his regime suspected of corruption, will have to be tried and convicted.
Egyptian officials have recently stated that a judicial commission is being formed to start talks with Switzerland. The commission was meant to reach an agreement with Switzerland to see 412 million swiss francs, previously held in the accounts of former Egyptian regime figures, are refunded to Egypt.

According to the new Swiss law, which dictates that illegal assets can be refunded, Egyptian officials believed they could secure for Egypt the return of its assets. more>>