Country of Origin
Switzerland
Country of Asset Location
Australia
Disposition of Criminal Case(s)
There was an investigation/prosecution related to this case in the country of origin (Switzerland) but the status was unknown at the time of reporting in 2020.
There was an ongoing investigation/prosecution related to this case in the country of asset location (Australia) at the time of reporting in 2020.
Action Initiating Asset Recovery
By an MLA request from the country of origin
Stage of Asset Recovery
Assets frozen/seized
Which authorities or agencies were involved in the asset recovery/return process
In the country of origin (Switzerland), the Canton of Fribourg was involved.
In the country of asset location (Australia), the Supreme Court of Australia was involved.
In the country of asset location (Australia), the Supreme Court of Australia was involved.
Legal Basis for Asset Recovery in the country of asset location
Administrative freeze
Notes
Date of Asset freezing/seizure order: December 2016 in Switzerland. Enforcement of asset freezing/seizure order: January 2017 in Australia.
Assets were still frozen/seized at the time of reporting in 2020.
Assets Frozen/Seized
#1
Assets frozen/seized
8,636,000.00 AUD
Assets frozen/seized (USD equivalent)
$5,519,103.00
Date of freeze/seizure
December 2016 - January 2017
Jurisdiction
Australia
Asset Type at Time of Freeze/Seizure
Real estate
USD Conversion date
September 2023
Date and Country of Case Submission
January 1, 2020
Australia
Data Source
Official information provided by country authorities