Don't miss

Replay


LATEST SHOWS

THE DEBATE

Let's talk Africa-Asia partnerships (part 2)

Read more

THE DEBATE

Let's talk Africa-Asia partnerships (part 1)

Read more

BUSINESS DAILY

British Airways IT debacle could cost the airline big

Read more

TALKING EUROPE

Security in Europe: Is there more that could or should be done?

Read more

IN THE PAPERS

Is this the end of the Western post-war order?

Read more

THE INTERVIEW

Living with the 'new normal': How govts need to innovate in the fight against terrorism

Read more

IN THE PAPERS

Putin 'gets the tsar treatment' as he meets Macron in Versailles

Read more

ENCORE!

Cannes 2017: 'The Square', Sofia Coppola and Joaquin Phoenix take top prizes

Read more

ENCORE!

The highs and lows of Cannes for the critics

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)