Tuesday, May 31, 2011

Where Did Dictators Move Middle East Money?

Where everyone else who steals loot does:

"Swiss authorities say that banks in their country have located almost $1 billion in assets of Libyan leader Moammar Khadafy and the former presidents of Egypt and Tunisia.

Financial regulators in Switzerland had identified in Swiss bank assets worth almost $416 million that may belong to the embattled Libyan leader or the government; $474 million that is linked to former president Hosni Mubarak of Egypt; and $69 million belonging to Tunisia’s fallen leader, Zine el-Abidine Ben Ali.

The announcement was made Monday by Swiss President Micheline Calmy-Rey at a diplomatic meeting in the Tunisian capital Tunis and confirmed by a Swiss foreign ministry spokesman.

--more--"