Don't miss

Replay


LATEST SHOWS

EYE ON AFRICA

Jihadists attack U.N. base in Mali

Read more

MEDIAWATCH

Assange #ArbitrarilyDetained

Read more

THE WORLD THIS WEEK

Part 1: Julian Assange, Brexit

Read more

FRANCE IN FOCUS

Migrant crisis: Is Calais the dead end on the migrant trail?

Read more

FOCUS

Transgender children: Embracing the transition process

Read more

ENCORE!

Phil Collins remastered

Read more

PEOPLE & PROFIT

Taking a slice: The challenge of taxing multinationals

Read more

FASHION

Haute couture: Chains and Napoléon’s sisters on the Parisian runway

Read more

#THE 51%

Afghanistan’s first lady

Read more

Americas

Swiss banks block Duvalier's millions as part of new restitution law

Text by News Wires

Latest update : 2011-02-01

The Swiss government blocked nearly $6 million belonging to former Haitian president Jean-Claude Duvalier on Tuesday under a new law targeting suspect funds. Duvalier has waged a 25-year legal battle to reclaim his millions.

AFP - Haiti ex-dictator Jean-Claude "Baby Doc" Duvalier's Swiss millions have been blocked under new legislation that came into force on Tuesday to ease their return, the Swiss government said.

Former Haitian strongman Jean-Claude "Baby Doc" Duvalier and his French wife, Michele Bennet, in 1980.
The Swiss Foreign Ministry confirmed the entry into force of the new law on the restitution of assets of politically exposed persons on its website.
             
"The Duvalier finds were then blocked under article 14," setting in motion the legal process for seizure, it added.
             
The new law was partly prompted by a 25 year legal battle between Swiss authorities and the Duvalier family over some 5.7 million dollars of allegedly embezzled funds.
             
They have been frozen temporarily in a Swiss bank since Duvalier was ousted.
             

 

Date created : 2011-02-01

  • HAITI

    Former dictator Duvalier breaks silence, asks Haitians for forgiveness

    Read more

  • HAITI

    Haitians moot money motive behind ‘Baby Doc’ Duvalier’s return home

    Read more

  • HAITI

    Former dictator Duvalier charged with corruption, theft

    Read more

COMMENT(S)