Wednesday, January 19, 2011

Switzerland blocks Tunisian and Ivory Coast presidents' assets...

The Swiss government has frozen the assets in Switzerland of former Tunisian president, Zine al-Abidine Ben Ali, and Ivory Coast president, Laurent Gbagbo.

This year’s Swiss president, Micheline Calmy-Rey, announced on Wednesday that the money of the two African leaders and people close to them would be blocked, with immediate effect.

In a statement, the cabinet said it did not want Switzerland to be a refuge for assets that may have been “acquired illegally” and could serve Gbagbo. The freeze on the money of the Ivory Coast’s discredited president will remain in effect for three years. More...

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