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Swiss Government Freezes More Duvalier Accounts

by Ulrika Lomas, Tax-News.com, Brussels

07 February 2008

The Swiss government has reportedly decided to freeze further assets held by former Haitian dictator Jean-Claude Duvalier in banks accounts with Swiss bank UBS.

According to the Swiss ATS news agency, Mark Henzelin, a lawyer acting for two Haitian plaintiffs seeking damages from Duvalier, revealed this week that the sequestration of the funds in Basel was obtained in January.

The latest action by the Swiss authorities follows up on the one-year extension of a temporary freeze on EUR6.7 million of Duvalier's Swiss assets last August. The Swiss government revealed at the time that they had extended the freeze following assurances by Haiti that proceedings against Duvalier would be launched "in the near future", which is a necessary step for Switzerland to confiscate the funds.

Duvalier and his followers have been accused by Haiti's new government of siphoning off state funds during his reign, but the money in question has been caught up in legal wrangling ever since the Duvalier regime was ousted in 1986. Duvalier now resides in exile in France.

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