Assistant Minister of Justice, Assem al-Gohary, said that Egypt's judicial committee will hold a meeting with members of the Cypriot government in December to accelerate the required measures that Cyprus should take to return funds smuggled from Egypt. Gohary added that the judicial committee met with the Cypriot ambassador in Cairo Wednesday, to discuss ways to restore smuggled money to the Egyptian people. He added that the ambassador expressed his country's readiness to take the legal measures to return Egyptian funds to preserve strong ties between the two countries. Gohary agreed with the ambassador to hold a meeting with Cypriot officials in December to restore the smuggled money. Cyprus's foreign minister will visit Cairo later this month to meet with the judicial committee, and to draft the necessary regulations to organize the process. Investigations revealed that Mubarak's sons, Alaa and Gamal, have large amounts of money and holdings in Cyprus. Cyprus's Central Bank said that Gamal Mubarak has a large company in Nicosia, established in October 2005. Arab African Bank finances the company and insures its investments, according to the investigations. Documents issued by the Central Bank of Cyprus also revealed that Alaa Mubarak has a large company in Lemesos, called International Securities Fond. It added that the company was established in 2001. Alaa's company focuses on the financial sector, specializing in securities. It was used to launder money to Spain.
