Swiss freeze Kadhafi, Mubarak, Ben Ali millions

3rd May 2011, Comments 0 comments

Switzerland said Monday it had frozen 830 million francs ($960 million/646 million euros) in funds belonging to north African strongmen since the start of this year's popular uprisings.

Swiss Foreign Minister Micheline Calmy-Rey revealed the figure during a conference in Tunisia, where she is on a three-day visit, foreign ministry spokesman Lars Knuchel told AFP.

Most of the blocked funds -- 410 million francs -- are linked to former Egyptian president Hosni Mubarak and his associates, Knuchel said.

Another 360 million francs blocked by Switzerland are believed to belong to Libyan leader Moamer Kadhafi's regime and 60 million francs to former Tunisian leader Zine El Abidine Ben Ali and his associates.

Switzerland ordered the freezing of the assets of Ben Ali and Mubarak shortly after they were toppled in popular uprisings in January and February respectively.

It ordered a freeze on Kadhafi's assets in February after he cracked down on opposition protests, sparking an armed conflict with rebels and international military action against his regime.

© 2011 AFP

0 Comments To This Article