Update 15 February Bern, Switzerland (GenevaLunch) – Assets that may have been deposited by Hosni Mubarak and those close to him were the target of a Swiss government directive to banks and other financial institutions within 30 minutes of the announcement of his resignation Friday 11 February. The Swiss government’s decision but not the amount [...]
Duvalier assets frozen yet again, but this time with hope for Haiti (update)
February 1, 2011 by
“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 [...]
Noriega trial opens in France
June 28, 2010 by
Manuel Noriega, 72, former Panamanian dictator, finished 20 years in a US prison only to be extradited to France, where his trial opens today on several charges, including money laundering. He is accused of using three French banks to launder money for a Colombian drug cartel. His lawyers have reportedly taken his case to the [...]
Nigerians face task of getting funds returned by Swiss into right hands
June 9, 2010 by
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 [...]
North Korea’s next leader spent childhood in Bern
June 3, 2009 by
Bern, Switzerland (GenevaLunch and sources) – Aging and probably ailing North Korean leader Kim Jong Il surprised the world by reportedly naming his youngest son, Kim Jong Un, 26, as the new leader of North Korea, according to South Korean media, who cite the South’s spy agency. Kim Jong Un spent much of his youth [...]
