Law to aid Egypt in asset recovery

Jan. 11, 2013 at 4:42 PM

CAIRO, Jan. 11 (UPI) -- A law has been proposed in Egypt to expedite recovery of assets sent out of the country during the Mubarak regime, a source at Egypt's justice ministry said.

The ministry source told the English-language Egyptian news site Ahram Online the new law will allow investigations to be carried out in a "more efficient and professional way," adding "The Illicit Gains Department has been trying to issue the law since August 2011."

The final draft of the law has been submitted to Prime Minister Hisham Qandil's Cabinet.

The Illegal Gains Department is investigating a number of criminal cases against former members of the regime, including former President Hosni Mubarak, but hasn't recovered any assets from abroad, Aram Online said.

Related UPI Stories
Latest Headlines
Trending Stories
Russia says missiles aimed at Syria did not land in Iran
Tunisian democracy advocates win Nobel Peace Prize
Captive orca breeding banned at California's SeaWorld
Wrong drug used in Oklahoma execution
Pentagon to ditch $500M Syrian rebel training program