Switzerland and Uzbekistan have signed an agreement on the restitution of $131 million (CHF125 million) confiscated during criminal proceedings involving Gulnara Karimova, the daughter of the former Uzbek president.
This content was published on
2 minutes
Keystone-SDA/Reuters/ts
Português
pt
Suíça e Uzbequistão assinam acordo sobre restituição de fundos ilícitos
The assets will be used for the benefit of the population of Uzbekistan via a UN trust fund, the foreign ministry said in a statementExternal link on Tuesday.
The agreement, signed in Bern on Tuesday by Swiss Foreign Minister Ignazio Cassis and Uzbek Justice Minister Ruslanbek Davletov, “will shape and strengthen relations between our two countries in the long term”, Cassis said.
“Switzerland and the Uzbek authorities have cooperated constructively with the UN to set up an innovative and transparent fund that will make a very real contribution to the implementation of the Sustainable Development Goals (SDGs) in Uzbekistan,” he added. “The fund will allow the returned assets to be used for the benefit of the population of Uzbekistan.”
The fund will not just be used for the $131 million (CHF125 million) currently available, but also for any assets definitively confiscated in future in the ongoing criminal proceedings in connection with Gulnara Karimova.
More
More
Swiss court confiscates funds linked to Uzbek ex-president’s daughter
This content was published on
The Federal Criminal Court has ordered the confiscation of over $293 million belonging to a shell company linked to Gulnara Karimova.
Karimova is suspected of receiving large sums from foreign telecommunications companies in connection with contracts in Uzbekistan, but denies wrongdoing.
Islam Karimov ruled Uzbekistan for 27 years until his death in 2016. His daughter was once a successful businesswoman and her country’s UN representative in Geneva. She was jailed back in Uzbekistan in 2019 for violating the terms of her house arrest after receiving a five-year sentence in 2015 on charges of embezzlement and extortion.
Switzerland, a popular residence for the global elite, says it has returned approximately $2 billion of stolen assets to their countries of origin over the past 30 years.
More
More
Switzerland agrees terms for returning confiscated Uzbek assets
This content was published on
Switzerland has signed a deal with Uzbekistan with a view to the restitution of confiscated assets to the central Asian nation.
Swiss food giant Nestlé to invest millions in Nescafé in Spain
This content was published on
The Swiss multinational is to invest €15 million (CHF14.3 million) in its Nescafé factory, which produces instant coffee and Nescafé Dolce Gusto capsules, in Girona near Barcelona.
This content was published on
Malfunctions led to a worldwide outage of the social media platform X several times on Monday, affecting users in Switzerland and elsewhere.
This content was published on
The Swiss bank UBS was fined €75,000 (CHF71,410), the maximum penalty, in Paris on Monday for moral harassment by its French subsidiary of two whistleblowers.
Nearly 50 wolves killed in eastern Switzerland over five-month period
This content was published on
Wildlife wardens in the eastern canton of Graubünden, together with hunters, shot 48 wolves between September 2024 and January 2025, authorities said on Monday.
Top Swiss court approves appeal against asbestos ruling
This content was published on
The Glarus high court must re-examine an asbestos case, after the Federal Court approved the request for a revision of its decision by the family of Marcel Jann.
Swiss singer Zoë Më unveils song ‘Voyage’ for 2025 Eurovision contest
This content was published on
Singer-songwriter Zoë Më, who will represent Switzerland at the Eurovision Song Contest 2025 in Basel, unveiled her ballad Voyage on Monday.
Switzerland’s image at stake in current multilateralism crisis, says Geneva politician
This content was published on
The Swiss government's reaction to the current crisis in multilateralism is not congruent with what is at stake for International Geneva, says the head of the Geneva Government.
This content was published on
At the stroke of 4am on Monday, the street lights went out in Basel's city center for the carnival kick-off, known as Morgenstreich.
If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at english@swissinfo.ch.
Read more
More
Swiss investigate Uzbek president’s daughter
This content was published on
The investigation was widened last September following legal assistance from the authorities in neighbouring France and in Sweden, according to a statement published on Wednesday. Police in Geneva had also searched the villa of Karimova, who had diplomatic immunity as the Uzbek representative to the United Nations and other Geneva-based international organisations. Her whereabouts…
You can find an overview of ongoing debates with our journalists here . Please join us!
If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at english@swissinfo.ch.