Weapons of Mass Destruction (WMD)

Switzerland reveals details of frozen Iraqi funds

PLA Daily 2004-01-13

GENEVA, Jan. 12 (Xinhuanet) -- The Swiss authorities on Monday revealed details about frozen Iraqi assets in Swiss banks.

The funds, had been found mainly in Swiss branches of Iraqi-owned banks, said officials of the Federal Department of Economic Affairs.

Fifty-five people and five Iraqi companies or institutions are affected by the freeze.

More details will only be published as part of a government decision to transfer the money into a reconstruction fund, officials said.

The Swiss government ordered the freeze last July at the request of the United Nations.