Thursday, February 26, 2015

UN says ex-Yemen president Saleh stole up to $60billion...

Ali Abdullah Saleh, Yemen's former president, is believed to have amassed between $32bn and $60bn through corruption during his 33 years in power, a UN report has said.

A panel of experts reported on Wednesday to the UN Security Council that Saleh's assets were stashed in at least 20 countries, and the team is investigating the ex-leader's connections with businessmen helping him to hide the funds.

The 15-member council in November imposed sanctions, including an assets freeze, on Saleh, who was forced out of power in 2012 under a Gulf-sponsored deal.

The council also blacklisted Saleh for obstructing peace in Yemen, notably for backing the Shia Houthi rebels that have seized power in Sanaa.

The report said Saleh built up his personal wealth through corruption, by demanding kickbacks for oil and gas contracts, stealing public funds and other schemes. Full story...

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