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Friday, May 9, 2014

Pakistan Is To Hold Talks With Switzerland In The Hope To Retrieve State Assets In Swiss Banks

The Pakistan Muslim League (N) leaders and the incumbent prime minister during his election compaign loudly and categorically promised to get back the national looted money deposited in Swiss banks and specially he pointed to former president Asif Ali Zardari. But after forming his government he forgot about Pakistan, Pakistani people and the Swiss bank's money. No other politician is worried about the national assets or recalls it. Only Imran Khan repeatedly asks government to bring the looted money back to the country. To give the lollypop to the public some times government raises the slogan to retrieve the looted money back from the foreign banks but it would never happen. Former president Zardari who left office last year after five years, was dogged through out his tenure by corruption allegations dating back to 1990s. He was accused along with his late wife former prime minister BeNazir Bhutto of using Swiss bank to launder $ 12 millions of kickbacks. Switzerland enacted a new law in 2011 to make it easier for countries to recover assets by politicians and hidden in its banks. In early 2012, Switzerland said it had returned $ 1.83 billion in illicitly placed assets to countries involved in Arab Spring changes. But Pakistani government is not serious for the corruption money to be taken back.

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