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Belgrade seeks Swiss help in recovering Milosevic assets

Milosevic, who was jailed in The Hague, is thought to have placed money in Swiss accounts

(Keystone Archive)

A Yugoslav delegation is in Bern to seek Swiss assistance in tracking down public assets suspected to have been salted away in Switzerland by the former president, Slobodan Milosevic.

The group is led by the president of the Yugoslav commission in charge of investigating financial fraud, Aleksandar Radovic. Belgrade accuses Milosevic and some of his close associates of illegally transferring public funds into foreign accounts between 1995 and 2000.

The delegation in Bern is expected to formally submit the required documentation which Switzerland needs to begin judicial cooperation with the Yugoslav authorities.

Switzerland has already started investigating both money and gold transfers from Yugoslavia into Swiss bank accounts. So far, no funds related to the former Yugoslav president have been found.

However, SFr12 million ($6.7 million) belonging to a dozen of Milosevic's former associates has been frozen.

Switzerland is also investigating 300 kilogrammes of gold which were brought into the country during Milosevic's regime.

swissinfo with agencies


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