15 May '11, 10am

May 15, 2011: "Tracing Ben Ali assets key for Tunisia economy" #Tunisia #Tunisie #Sidibouzid via @LiberateTunisia

TUNIS - THE wealth illegally acquired by Tunisia's ousted president and his cronies must be traced and reclaimed in order to avoid economic paralysis, a top anti-corruption official said. The vast network of ill-gotten holdings once controlled by former president Zine el Abidine Ben Ali 'touches all sectors of the economy,' Mohamed Adel Ben Ismail, who heads a commission tasked with confiscating the old regime's hard and liquid assets, told AFP. Tunisia's ruling clique reaped gains from 150 businesses, had massive valuable real estate holdings and stored funds in 342 bank accounts, according to Mr Ben Ismail. Ben Ali and his clan may have controlled one third of all wealth in Tunisia, according to estimates published in local media. 'It is to avoid economic paralysis,' Mr Ben Ismail said, explaining the urgency of the work. 'The assets usurped and diverted are numerous and...

Full article: http://www.straitstimes.com/BreakingNews/World/Story/STIS...

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