GenevaLunch » frozen funds

Arab spring, embezzled funds meeting calls for greater coordination

Ellen Wallace — Tue, 24 Jan 2012 16:55:23 +0000

GenevaLunch.com LAUSANNE, SWITZERLAND – The first international meeting with experts from 15 countries to focus on the Arab spring and returning embezzled funds to Arab nations ended Tuesday afternoon 24 January in Lausanne with a call for greater coordination. The meeting was the sixth in the Lausanne Process, launced in 2001 by Switzerland’s Foreign Affairs Department [...]

Arab spring, embezzled funds meeting calls for greater coordination © genevalunch.com, Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.

HSBC Geneva’s relations with Ben Ali clan raise questions about Swiss vigilance

Ellen Wallace — Mon, 19 Sep 2011 14:24:15 +0000

GenevaLunch.com GENEVA, SWITZERLAND – TSR, Swiss public television, revealed Monday that the Geneva branch of HSBC has had CHF11 million in assets of deposed Tunisian dictator Ben Ali’s clan, information the bank has not publicly confirmed. The accounts were reportedly opened by Belhassen Tribelsi, Ben Ali’s wife’s brother. He is now on the run, reportedly in [...]

HSBC Geneva’s relations with Ben Ali clan raise questions about Swiss vigilance © genevalunch.com, Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.

Swiss assets a small part of frozen funds sought by Libyan rebels

Ellen Wallace — Wed, 24 Aug 2011 08:24:45 +0000

GenevaLunch.com BERN, SWITZERLAND – Swiss officials, like those in the European Union, say they must wait for a new United Nations resolution before allowing financial institutions to release frozen assets of Libyan dictator Muammar Qaddafi and his entourage, but several countries are meeting in Doha today, 24 August, to discuss an emergency request for $2.5 from Libya’s [...]

Swiss assets a small part of frozen funds sought by Libyan rebels © genevalunch.com, Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.

Duvalier says Swiss funds were family foundation’s (update)

Ellen Wallace — Wed, 02 Feb 2011 16:57:47 +0000

GenevaLunch.com 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 [...]

Duvalier says Swiss funds were family foundation’s (update) © genevalunch.com, Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.

Switzerland says Mobutu case shows need to reform legal system

Ellen Wallace — Thu, 16 Jul 2009 10:56:58 +0000

GenevaLunch.com Bern, Switzerland (GenevaLunch) - The Swiss government says it “deplores” the fact that it was obliged 15 July to inform Swiss banks and the heirs to accounts that belonged to former Zaire (now DR Congo) dictator Mobutu Sese Seko that nearly CHF8 million in Swiss banks must be unfrozen, meaning the money returns to the [...]

Switzerland says Mobutu case shows need to reform legal system © genevalunch.com, Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.