Switzerland Frees $60 Million in Zardari’s Assets
FRANKFURT — Switzerland has released millions of dollars in assets belonging to Asif Ali Zardari, a leading Pakistani politician who is expected to be named the country’s president next week, Swiss authorities said.
Mr. Zardari’s accounts were frozen in 1997 at the request of Pakistani authorities investigating allegations that Mr. Zardari had received kickbacks while he was a government official and his wife, Benazir Bhutto, was prime minister. In June, Pakistan’s attorney general notified the Swiss that he was no longer investigating Mr. Zardari, who leads one of the country’s largest political parties. The attorney general wrote that neither Mr. Zardari nor Ms. Bhutto had done anything illegal, and that the charges had been politically motivated, the Swiss prosecutor general, Daniel Zappelli, said Wednesday in a telephone interview. As a result, the Swiss dropped a money-laundering case against Mr. Zardari and released his assets. “For money laundering to be proven, you have to show it was the product of a crime, but we don’t have any evidence for a crime committed in Pakistan,” Mr. Zappelli said. The value of the assets is about $60 million, Read more »
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