Blocked assets worth 180 million Swiss francs (175.52 million dollars )have been unfrozen by the Swiss-Office of the Attorney General,( OAG ) said, after it dropped part of a criminal-inquiry related to the Egypt Arab-Spring.
Reports say the OAG had been investigating “several” unnamed persons in Switzerland on suspicion of money laundering and supporting or participatingin a criminal organisation.
The Swiss inquiry was launched in 2011 following events related to the Arab Spring protests which led to the downfall of long-time Egyptian leader Hosni Mubarak.
The OAG announced the decision to unfreeze the assets following a meeting between Switzerland’s Attorney General Michael Lauber and his counterpart in Egypt over the weekend.
Criminal investigations against six unnamed persons are now underway, the OAG said in a statement, while 430 million francs remains
frozen. (Reuters/NAN)