Swiss drop part of case over Mubarak’s still-frozen funds: AP

Switzerland is dropping part of a prosecution case against Egypt’s longtime autocrat Hosni Mubarak, his close aids and family members, involving hundreds of millions of Swiss francs frozen in Swiss banks.

Switzerland froze the funds and opened criminal proceedings over suspicion of money laundering and “support of a criminal organization” after the 2011 popular uprising that ousted Mubarak.

The Office of the Attorney General of Switzerland said Monday it partially dropped charges related to criminal organization, but that proceedings will continue against all the defendants on charges of money laundering.

Seized assets will remain seized for the time being.

In late 2013, the Swiss government said it had decided to keep 700 million Swiss francs ($761 million) held by Mubarak and his aides frozen for three more years.

source:AP