Don't miss

Replay


LATEST SHOWS

IN THE PRESS

'I really don't care': Do we? Melania Trump's coat chaos

Read more

BUSINESS DAILY

Eurozone agrees 'historic' deal to pave way for Greece's bailout exit

Read more

EYE ON AFRICA

South Sudan rebels say more time needed to achieve peace

Read more

MEDIAWATCH

Melania, migrant children and a curious message

Read more

BUSINESS DAILY

Eurozone ministers inching towards 'credible' debt deal for Greece

Read more

THE DEBATE

Erdogan goes all in: The high stakes of Turkey's elections

Read more

FOCUS

Rubbish piling up in France's illegal landfills

Read more

ENCORE!

Join our summer solstice music celebration

Read more

FRENCH CONNECTIONS

Allez les Bleus! Exploring France's love of football

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 charged with corruption, theft

    Read more

  • HAITI

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

    Read more

  • HAITI

    Former dictator Duvalier breaks silence, asks Haitians for forgiveness

    Read more

COMMENT(S)