Source Pravda.Ru

Nearly $1 billion of Libyan, Tunisian and Egyptian presidents held by Swiss banks

Nearly $1 billion of Libyan, Tunisian and Egyptian presidents held by Swiss banks. 44220.jpegSwiss banks are reportedly holding almost $1 billion in assets of Libyan leader Muammar Gaddafi and the former presidents of Egypt and Tunisia.

According to Swiss the Associated Press president and foreign minister Micheline Calmy-Rey, speaking in the Tunisian capital, Tunis, said the assets include $416 million that may belong to Gaddafi or his entourage, while $474 million had been linked to the former Egypt's Hosni Mubarak, and $69 million to Tunisia's Zine El Abidine Ben Ali, GlobalPost reports.

Switzerland, long considered a haven for stolen assets of autocrats, has worked to combat that reputation and last year passed an aggressive new law to give the government power to seize and repatriate stolen assets.

This year, the Swiss government has moved quickly to freeze assets, Calmy-Rey wrote in an Op-Ed piece published in European newspapers. She said that five days after the revolt in Tunisia toppled Ben Ali, officials ordered banks to freeze assets of Ben Ali and his family.

Thirty minutes after Mubarak announced he was stepping down, Swiss authorities froze his assets. And when forces loyal to Gaddafi started bombing his own people, the Swiss ordered institutions to block all Libyan money, Hindustan Times informs.

 

Comments
Russia sees Israel as enemy after Il-20 shootdown
Russia sees Israel as enemy after Il-20 shootdown
Former GRU officer exposes two Russian Salisbury spies
The Globalization of the Law: A chimera
Russia exposes audio recording proving Ukraine's implication in MH17 disaster
Russia exposes audio recording proving Ukraine's implication in MH17 disaster
Kremlin refuses to announce Russia's further steps against Israel over Il-20 shootdown
Kremlin refuses to announce Russia's further steps against Israel over Il-20 shootdown
Israel's Netanyahu calls Putin, blames Syria for Il-20 crash
Israel's Netanyahu calls Putin, blames Syria for Il-20 crash
Russia sees Israel as enemy after Il-20 shootdown
Israel's Netanyahu calls Putin, blames Syria for Il-20 crash
How Russia can respond to Israel following Ilyushin Il20 shootdown
The Globalization of the Law: A chimera
Putin: Ilyushin shootdown is incidental
Russia sees Israel as enemy after Il-20 shootdown
Kremlin refuses to announce Russia's further steps against Israel over Il-20 shootdown
Will USA strike Russian forces in Syria?
How Russia can respond to Israel following Ilyushin Il20 shootdown
How Russia can respond to Israel following Ilyushin Il20 shootdown
Russia tests unique invisible missiles during Vostok 2018 war games