Tuesday 7 August 2012

DEPOSED DICTATORS AND THEIR BANK ACCOUNTS ? WHO CONTROLS WHAT ?


Dictators are deposed but who controls the disposition of their ill-gotten gains afterwards, in particular their bank accounts ?

Press reports speculate on the supposed Millions which these Dictators have "amassed" during their inglorious years of rule but never are there reports of how and by whom the riches of the Dictators have been "redistributed" !!!

This Blog published an article on 25 February 2011 entitled "Dictators Bank Accounts Blocked in Switzerland", but never since has there been a report in the International Press to explain how these accounts were liquidated and on the authorization of whom or which independent authority !!!

Which international organization should oversee situations like these ?

    1)  UNO, via its Secretary BAN Ki moon ?  
    2)  The World Bank, via  its President Jim Yong Kim ? 
    3)  The FMI? via its General Manager Christine Lagarde ? 
    4)  Other international organizations ?

It would be interesting to know how much money is still  unclaimed in Dictators accounts, wherever they are !!!  Switzerland is not the only "tax haven" in the world and compliant banks can be found everywhere !!!

Finally, would it not be correct if UNO (or another high profile international organization) was designated to automatically put into place an organizational responsibility ? Should UNO not supervise and coordinate all action on matters like this, by other organizations or contracted individuals ?  

Something is better than nothing !!!  At present it would seem the world has nothing on this subject !!!

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