Switzerland Forfeits $22 Million from Hashish Trafficker and U.S. Agrees to Split Half

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Monday, November 1, 1993
Author: 
Volume: 
9
Issue: 
11
457
Abstract: 
On November 10, 1993, it was announced that five years of negotiations have resulted in the Swiss Government forfeiting $22 million in profits seized from the Swiss bank accounts of the leader of a U.S.-based hashish deal, representing the largest international forfeiture ever. The U.S. has applauded the forfeiture as a signal that Switzerland is no longer the safe haven that people believe it is. Already U.S. officials have presented the Swiss Government with a check for $8 million. They will cut a check for an additional $3 million…[more]