Mobarak's frozen fortune still under probe by the Swiss

Switzerland's attorney general said Saturday his office was still probing whether the hundreds of millions of dollars of frozen funds belonging to ex-president Hosni Mobarak's family originated from criminal activities.

Hosni Mobarak, ruled Egypt under a dictatorship for three decades until being ousted after the revolution in 2011.

Michael Lauber said investigations were underway to determine whether frozen assets worth 590 million Swiss francs ($589 million/539 million euros) were generated from "money laundering or from supporting and involvement in criminal organizations".

Without naming Mobarak or his family members, Lauber told reporters at a press conference in Cairo that his office had looked into the accounts of 14 accused individuals since 2011.

He said his office had on Saturday filed about 30 requests for legal assistance with Egyptian authorities to establish the origins of the funds.
Lauber said that under Swiss law "a direct link has to be established to complete our criminal cases" and return the assets.

Egypt's top appeals court last week upheld a three-year prison sentence for Mubarak and his two sons for corruption.

It was not clear, however, how long Mobarak would remain in detention. Both of his sons were set free in October with time served taken into account.

In May, a court sentenced him and his sons to three years for having embezzled 125 million Egyptian pounds ($16 million/15 million euros) from funds meant for the maintenance of presidential palaces.

They were fined that same amount and an extra 21 million Egyptian pounds.