Egypt: Swiss court allows Egypt to recover money from Mubarak, cronies

Egypt’s state-owned MENA news agency reported on Saturday that a court ruling in Switzerland has been issued in favor of Egypt, which would allow Egypt to recover funds embezzled by former President Hosni Mubarak and his cronies. The ruling was in response to Egypt’s efforts to recover the money since the January uprising ousted the former president, who smuggled money illegally into Switzerland, and had been frozen since February 2011.