Swiss receive Egypt request on Mubarak assets - Daily Nation

Africa

GENEVA, Wednesday

Switzerland has received a formal request from Cairo concerning the assets of former Egyptian president Hosni Mubarak and "representatives of the former regime," the justice ministry said.

"A rogatory commission has been transmitted to us," said Folco Galli, spokesman of the Swiss Justice Ministry.

"It concerns the representatives of the former regime," he added, without giving their names. Switzerland had taken pre-emptive action to freeze the assets of Mubarak and his entourage on February 11, barely two hours after the former president stepped down.

Twelve people were hit by the move, including Mubarak's immediate family members as well as four ministers. Galli said that Egypt's request was being examined, and would be executed "if it satisfies formal conditions."

Authorities were unable to reveal the total amount of assets affected.

Meanwhile, reporters at Egypt's state-owned Al-Ahram daily, long considered the propaganda arm of the regime, apologised today for its "unprofessional" coverage of protests that ousted president Hosni Mubarak.

Al-Ahram "would like to apologise to readers and to the great people of Egypt for its unprofessional and unethical editorial policy during the January 25 revolution, 2011," they said.

They said journalists at the paper had for decades been "hostage to senior managers.

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