ASSET RECOVERY

Sudan Recovers $4 Billion of Assets From Ex-President Bashir

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Sudan has con­fis­cat­ed assets val­ued at $4 bil­lion from for­mer President Omar al-Bashir, his fam­i­ly mem­bers and asso­ciates, the country’s anti-cor­rup­tion body said.

Our ini­tial esti­mates of the val­ue of the assets, shares in dif­fer­ent com­pa­nies and build­ings we have con­fis­cat­ed is $3.5 bil­lion to $4 bil­lion,” Salah Manaa, a spokesper­son for the Anti-Corruption and Regime Dismantling Committee, said in response to ques­tions. The body was set up late last year.

Read: Supreme Court Backs $10 Billion Award to Sudan Bomb Victims

Bashir, who was over­thrown by the army a year ago amid mass protests against his three-decade rule, was jailed in December after being found guilty of illic­it­ly pos­sess­ing mil­lions of dol­lars in for­eign cur­ren­cies. He has also been indict­ed by the International Criminal Court for alleged crimes against human­i­ty com­mit­ted in the west­ern region of Darfur.

— With assis­tance by Samuel Gebre

Original arti­cle: BLOOMBERG

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