Ellen's Swiss News World
| GE |  | Fair | 23°C |
| ZH |  | Unknown | 26°C |
BERN, SWITZERLAND – “Politically exposed persons”, those in political offices and people close to them, might do well to avoid stashing illegally obtained funds in Switzerland in the future, as the country moves to put into effect the world’s first law covering freezing and restitution of potentates’ (dictators) assets. The law came about largely as [...]
Update 12:50 Bern / Zurich, Switzerland (GenevaLunch) – The argument over who gets the Duvalier millions, some CHF5.8 million of them, will finally be heard in court, with the Swiss government 2 May initiating forfeiture proceedings at the Swiss Administrative High Court. The proceedings are the first under a Swiss law that went into effect [...]
Swiss government begins proceedings to return funds under new law Geneva, Switzerland (GenevaLunch) – Jean-Claude Duvalier, in his first televised interview since being detained by police in Haiti in mid-January, told UniVision television Wednesday 2 February that the CHF6.8 million blocked by the Swiss government belongs to a foundation created by his family to help [...]
“It’s a step in the right direction” says assets recovery lawyer, calling Swiss law “pioneering” Update 20:00 Bern, Switzerland (GenevaLunch) – Some CHF6 ($5.8) million in assets that were placed in Switzerland by Haiti’s ruling Duvalier family before they fell from power in 1986 have now been blocked under a new Swiss law, the Federal [...]
Bern, Switzerland (GenevaLunch) – Switzerland’s new law covering potentate funds, dictator’s assets frozen in Swiss banks, goes into effect 1 February 2011. The first beneficiary of what is called the Restitution of Illicit Assets Act is likely to be Haiti, which is scheduled to receive CHF6 million that have been frozen since Jean-Claude Duvalier, known [...]
Duvalier leaves hotel with police escort Update: Baby Doc Duvalier, as Haii’s former dictator is popularly known, was escorted by police from his hotel in Port-au-Prince Tuesday evening 18 January, Swiss time, after meeting with some of the country’s top judicial officials. Several hours of questioning later, charges were pressed against him. They include financial [...]
Jean-Claude Duvalier has returned to Haiti after a 25-year absence, prompting the United Nations to restrict the movements of its sizable workforce there for fear of outbreaks of violence, reports CNN. Duvalier, popularly known as Baby Doc during and after the 15 year dictatorship he led, in the footsteps of his father Papa Doc’s 14-year [...]
Bern, Switzerland / Lagos, Nigeria (GenevaLunch) – Switzerland insists that it does more than any other government to return funds stolen by dictators, and Nigeria is a case in point. But Nigerians are now worried about how to make sure the funds land in the right place in order to put back into the budget [...]
Bern, Switzerland (GenevaLunch) – Switzerland could soon have a law that would help avoid fiascos like the Duvalier funds legal case, where the Swiss have spent 23 years unsuccessfully trying to return to the people of Haiti money that was pocketed by the Duvalier family dictators. Switzerland has, in the past 15 years, returned more [...]
Media coverage of the story about Baby Doc Duvalier’s family fortune, which took a turn for the worse today, has me shaking my head yet again at international reporting on Switzerland. Quite simply, too few editors – who are not in Switzerland – do their homework, and the result is headlines and stories that are [...]
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