Swiss Government Charges Abacha with Laundering Nigeria?s Looted Funds

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Wednesday, June 1, 2005
Author: 
Bruce Zagaris
Volume: 
21
Issue: 
6
219
Abstract: 
On April 15, 2005, a Swiss judge charged Abba Abacha, son of the late Nigerian dictator Sani Abacha, with money laundering in connection with billions of dollars in embezzled Nigerian state funds. In December 2004, Abacha was arrested in Germany. On April 14, 2005, he was extradited to Geneva and indicted the following day on charges of money laundering, fraud, forgery and participation in a criminal organization, investigating judge Daniel Dumartheray told Reuters. Nigerian authorities have accused the inner circle of Sani Abacha, a military strongman who died in 1998 after 5 years in power, of looting up to $3 billion to stash away in offshore accounts...[more]