Egypt authorities unveil assets linked to former regime in Swiss banks
Egypt's frozen monies in Switzerland linked to senior officials of the former regime are now estimated to be $706 million, state-run news agency MENA reported on Tuesday citing head of Egypt's Illicit Gains Authority (IGA) Assem El-Gohary.
El-Gohary stated that Swiss authorities had previously estimated the accounts to be worth $ 413 million. Egyptian judicial authorities then intervened he said, managing to unveil several accounts linked to officials of the Mubarak regime.
In May, Egypt announced joining Switzerland as co-plaintiff in a legal case involving Egyptian money transferred to the Alpine country by associates of the former president.
Last year, the Illicit Gains Authority last year estimated the value of such Swiss-based assets at $450 million. Most of the funds – some $340 million – are believed to be under the names of Mubarak's two sons, Alaa and Gamal.
Ministers in Prime Minister Hisham Qandil's cabinet following the recent reshuffle (new appointees are in italics): 1. Minister of Agriculture Ahmed Mahmoud Ali El-Gizawi2. Minister of Antiquities Ahmed Eissa3. Minister of Aviation Wael Maadawi4. Minister of Communication Atef Helmy5. Minister of Culture
AP— April 15, 2013: Two bombs explode in the packed streets near the finish line of the Boston Marathon, killing three people and injuring more than 140.— January 17, 2011: A backpack bomb is placed along a Martin Luther King Day parade route in Spokane, Washington, meant to kill and injure participants in a civil rights march, but is found and disabled before it can explode. White
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