Swiss reveal funds stashed by Gaddafi, Mubarak, Ben Ali

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GENEVA | Mon May 2, 2011 2:55pm EDT

GENEVA May 2 (Reuters) - Switzerland has found 360 million Swiss francs ($415.8 million) of potentially illegal assets linked to Libyan leader Muammar Gaddafi and his circle stashed in the Alpine country, the Swiss foreign ministry said on Monday.

Some 410 million Swiss francs traced to former Egyptian President Hosni Mubarak and 60 million Swiss francs linked to former Tunisian President Zine al-Abidine Ben Ali also were identified, foreign ministry spokesman Lars Knuchel said.

"In the case of Libya, it was 360 million Swiss francs," Knuchel told Reuters. "These amounts are frozen in Switzerland following blocking orders by the Swiss government related to potentially illegal assets in Switzerland." (Reporting by Stephanie Nebehay)

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Comments (3)
JamVee wrote:
Why am I not surprised? The rest of the world’s corrupt dictators, murderers and theives (even those cloaked in Democracy’s nobel robes) should be listening to “jungle drums”, beating out “YOU ARE NEXT”!

May 02, 2011 3:28pm EDT  --  Report as abuse
alexweir1949 wrote:
This is the Tip of the Iceberg – these guys have Billions repeat Billions stashed away – do not cheat the People of Tunisia and Egypt!…..

Alex Weir, London and Harare

May 02, 2011 4:17pm EDT  --  Report as abuse
RebelEgyptian wrote:
We believe that the former president Mubarak has lots and lots in Switzerland and a lot of Egyptian officials. . . Why the slowdown of Switzerland?

May 02, 2011 5:04pm EDT  --  Report as abuse
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