Iraq to recover millions from Saddam lawyer's Swiss account
Some USD 300 million frozen in a Swiss bank account will be transferred to Iraq in June.21 April 2008
BAGHDAD - The Federal Supreme Court of Switzerland has ordered the transfer of USD 300 million deposited in a Swiss bank account held by former Iraqi dictator Saddam Hussein's lawyer to France, Iraq's Ministry of Finance said Monday.
"Iraq has won the ruling of the Federal Supreme Court and will recover over USD 300 million deposited in the name of Khalaf al-Dlimi, Saddam's personal lawyer," a ministry statement said.
Switzerland will transfer the frozen money, which is legally the property of Iraq, to the Development Fund of Iraq by 13 June, the ministry explained.
Dlimi has the right to file an objection to the court ruling with the sanctions commission of the UN Security Council.
The ministry pledged to pursue efforts to recover "stolen" Iraqi funds deposited abroad.
[dpa / Expatica]