Saturday, November 21, 2009

Sani Abacha's son convicted in Geneva, Swiss authorities’ confiscate $350m

Abba Abacha, was found guilty by Swiss authorities of being a member of a criminal organisation. The son of the late military dictator General Sani Abacha, will have $350 million seized from him by Swiss authorities from orders by the investigating judge, Yves Aeschlimann.

"The first order of the sentence issued yesterday by the examining magistrate found that Abba Abacha, born November 9, 1968, son of the late General Sani Abacha, was guilty of participation in a criminal organisation," Geneva Canton's justice office said in a statement.

The Swiss authorities also convicted a financial intermediary who lives in Monaco for having been part of the "criminal organisation".

"The person has also been ordered to pay the Canton of Geneva 10 million Swiss Francs, which corresponds to illegal gains obtained from these culpable activities," added the statement.

This Day

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