MEDIA-Switzerland to repatriate 700 mln francs to Uzbekistan -NZZ am Sonntag

by Reuters
Sunday, 17 June 2018 08:45 GMT

VIENNA, June 17 (Reuters) -

** Switzerland plans to return to Uzbekistan roughly 700 million Swiss francs ($702 million) frozen in connection with investigations into money laundering involving the daughter of the former Uzbek president, weekly NZZ am Sonntag says

** Swiss prosecutors ordered the confiscation of the money from accounts in Geneva and Zurich to repatriate it to Uzbekistan last month, the paper says, referring to two penal orders it obtained

** The Office of the Attorney General of Switzerland has been investigating Gulnara Karimova, the daughter of the late Islam Karimov, and others on suspicion of money laundering since 2014.

** Karimova returned to Tashkent in 2013 after serving as Uzbek ambassador to the United Nations in Geneva from December 2008. She has denied allegations of business impropriety against her.

-- Source link: https://nzzas.nzz.ch/wirtschaft/geldwaesche-millionen-fuer-usbekistan-karimowa-ld.1395429 -- Note: Reuters has not verified this story and does not vouch for its accuracy ($1 = 0.9974 Swiss francs) (Reporting by Kirsti Knolle; editing by Jason Neely)

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