Word: switzerland
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...trial was further hindered by language barriers and international red tape. The court made 24 trips to take testimony in West Germany, the Netherlands, Turkey, Switzerland and France. Recalls Santiapichi: "With almost a hundred witnesses in court and defendants who spoke in three different languages, we were slowed down." To hear one witness in the Netherlands, the session had to be conducted in Turkish, Dutch, German and Italian. Quipped a visiting Australian judge at the sight of translators for the Bulgarian and Turkish defendants: "This is the trial of Babel...
...purge the Marcos legacy at home, others were intently pursuing it abroad. The Swiss government stunned its starchy banking community by freezing all assets in numerous bank accounts, rumored to total in the hundreds of millions of dollars, belonging to Marcos, his family and associates. Never before had Switzerland issued such a sweeping order without an explicit request from an aggrieved government. An estimated $1 billion of Marcos' assets abroad, mostly in the U.S., have also been frozen. No one, however, was ready to predict that the paper trail would come to an end soon, or that Marcos would...
...York papers," said Salonga in a conversation with TIME editors in New York. "He's a very clever lawyer." The chase abroad promised to be no less complicated, in spite of the decisive action of the Swiss. "Some people talk about $79.4 million here in Switzerland, some talk about $1 billion," said Hans Mast, an executive vice president of Credit Suisse. "But how do you identify deposits as Marcos' assets?" Even if the Aquino government does pinpoint the holdings, it is unlikely to recover them until it has proved conclusively that they were illegally obtained, according to both Swiss...
...Marcos papers, carried from Manila in six suitcases, hint at a worldwide network of almost unimaginable wealth. One balance sheet alone lists a total of $88.7 million in five banks in the U.S., Switzerland and the Cayman Islands. Imelda Marcos' taste for opulent adornment was also in evidence. A document dated November 1984 shows $411,746 in purchases of jewelry, including emeralds, rubies and one 519-carat sapphire. There were indications that the Marcoses may have sensed their impending ouster. Among the papers were $4 million in certificates and bearer bonds, most of which were issued in the month before...
According to Salonga, the Aquino government found "smoking gun" documents at Malacanang Palace, the presidential residence, that link Marcos with bank deposits in Brazil, Switzerland and the Bahamas, as well as with property in the U.S. Salonga said the papers prove that Marcos used intermediaries to buy properties in New York, including a shopping complex in Manhattan and a posh estate on Long Island. Total value: approximately $350 million...