Iraq to recover millions from Saddam lawyer's Swiss account

Business Materials 21 April 2008 17:02 (UTC +04:00)

(dpa) - The Federal Supreme Court of Switzerland has ordered the freezing of 300 million dollars deposited in a Swiss bank account held by former Iraqi dictator Saddam Hussein's lawyer, Iraq's Ministry of Finance said Monday.

"Iraq has won the ruling of the Federal Supreme Court and will recover over 300 million dollars deposited in the name of Khalaf al-Dlimi, Saddam's personal lawyer," a ministry statement said.

Switzerland will transfer the frozen money, which is legally the property of Iraq, to the Development Fund of Iraq by June 13, the ministry explained.

Dlimi has the right to file an objection to the court ruling with the sanctions commission of the UN Security Council.

The ministry pledged to pursue efforts to recover "stolen" Iraqi funds deposited abroad.