$1 billion in blocked 'Arab spring' assets in Swiss coffers

By REUTERS
October 16, 2012 12:33

 
X

Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user uxperience almost completely free of ads
  • Access to our Premium Section and our monthly magazine to learn Hebrew, Ivrit
  • Content from the award-winning Jerusalem Repor
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief

UPGRADE YOUR JPOST EXPERIENCE FOR 5$ PER MONTH Show me later Don't show it again

GENEVA - Switzerland has blocked nearly one billion Swiss francs ($1.07 billion) in stolen assets linked to dictators in four countries at the center of the Arab spring - Egypt, Libya, Syria and Tunisia - the Swiss foreign ministry said on Tuesday.

Swiss authorities are cooperating with judicial authorities in Tunisia and Egypt to speed restoration of the funds, 700 million francs of which are tied to former President Hosni Mubarak and his entourage, said Valentin Zellweger, head of the international law department at the Swiss foreign ministry.

"Today a total of one billion francs is blocked in the framework of Arab spring," he told a news briefing in Geneva, giving the latest figures for funds seized since early 2011.

Related Content

Breaking news
July 22, 2018
U.S. launches campaign to erode support for Iran's leaders

By REUTERS