Syrian President?s Swiss Assets Frozen

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The Swiss government has announced that it has frozen 27 million Swiss francs ($31.8 million dollars) belonging to senior officials in the Syrian regime. According to the spokeswoman for the Ministry of Economy of Switzerland these assets were frozen as part of Swiss sanctions imposed on the Syrian President Bashar al-Assad and 22 other officials.

The Syrian president is also banned from traveling to or through Switzerland, according to the government decree
The revised Swiss sanctions list, which now comprises 23 people, describes Assad as “president of the republic, commander and leader of the repression against demonstrators.”

Switzerland has taken a firm stance against so-called dictator cash in recent years, in an attempt to shed its image as a haven for autocrats seeking to hide their money.

A statement was issued by the organizers of the National Salvation Conference. The document aims to develop general principles to help Syria get out of the current crisis through a transitional phase which would be approved by the Syrian people, imposed by the popular movement and led by a government of National Salvation establishing a new constitution, forming a modern civil nation, and holding parliamentary and presidential elections during a specified period. The statement was signed by 50 people, including the Kurdish Leader Mashaal Tammo and opponents Haitham al-Maleh, Aref Dalila and Walid al-Bunni.
It was among the first to freeze possible assets belonging to Libyan leader Moammar Gadhafi, former Egyptian President Hosni Mubarak and Tunisia’s deposed President Zine El Abidine Ben Ali.

Sources: Albawaba, Businessweek, Todayszaman

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