CAIRO: Egypt's Judicial Committee on the Recovery of Egyptian Funds Looted Abroad received on Wednesday a formal notification from the European Union that it will renew and extend the decision to freeze the funds and assets of the former regime figures, namely the ousted President Hosni Mubarak and his family, for another year, as of March 19, the state-run MENA news agency reported. The European Union issued decision No. 159 for the year 2012 on Wednesday, freezing the assets of Mubarak, his family and the figures and officials of his regime, at the request of the judicial committee in charge of the recovery of looted funds, “as a precaution.” Assim el–Gohary, the Chairman of the Committee said in a statement, that the decision came “at the request of the Judiciary Committee, on behalf of Egypt.” In the framework of the Committee's efforts to continue to recover Egyptian looted funds abroad, the Chairman of the Judiciary Committee met on Wednesday with the Swiss Ambassador to Cairo, at the headquarters of the graft apparatus, where they “held talks about the latest developments relating to requests for judicial assistance and the position of proceedings before the Swiss courts and difficulties, which face the Committee in light of the obligations under the United Nations Convention against Corruption on the signatories to the Convention with regard to Egypt's efforts to restore the money looted abroad,” MENA reported. BM ShortURL: http://goo.gl/LWenY Tags: Egypt, EU, featured, Funds, Money, Mubarak Section: Business, Egypt, Latest News
