Dinar Reporter (IQDUSD)

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Iraq recover $ 300 million of frozen funds

19/04/2008 - 7:50 pm

Baghdad - Portfolio Press

The Ministry of Finance of Iraq to get a resolution in favour of the Swiss Federal Tribunal to return some $ 300 million dollars registered in the name of one of a Prime former regime.

A source in the ministry that the amount is legally the property of Iraq and Swiss authorities will convert to the Development Fund of Iraq before DFI XIII of the month of June next. "

He added: "The amount was registered in the name of the lawyer's personal Saddam Hussein is behind Delimy The history XIII of next June is the deadline for applying for Dlimi objection to the Commission sanctions in the Security Council."

The source added: "The Ministry of Economy Swiss official has sent a letter to Attorney formally charged by the Iraqi state funds follow the former regime frozen abroad to be informed of the court's decision also provided details of the resolutions freezing and confiscation carried out by the volume of funds."

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