ID: ARW-542
Money laundering, bribery and abuse of position case
$12.17M
Assets Returned
Country of Origin
Oman
Country of Asset Location
Switzerland
Country that initiated legal action to recover proceeds of corruption
Oman
Disposition of Criminal Case(s)
At time of reporting (2020), there were concluded investigations/prosecutions related to this case both in the country of origin (Oman) and in the country of asset location (Switzerland).
Action Initiating Asset Recovery
By an MLA request from the country of origin
By domestic investigation by law enforcement authorities (independent from foreign request)
Stage of Asset Recovery
Assets returned
Which authorities or agencies were involved in the asset recovery/return process
The enforcement of asset confiscation order was under the jurisdiction of Swiss Prosecutors, Zurich (April to June, 2019)
The asset freezing/seizure order was under the jurisdiction of Swiss Prosecutors, Zurich (May 7th, 2011)
The enforcement of asset freezing/seizure order was under the jurisdiction of Public Prosecution in the Sultanate of Oman (April 18th, 2019)
The asset freezing/seizure order was under the jurisdiction of Swiss Prosecutors, Zurich (May 7th, 2011)
The enforcement of asset freezing/seizure order was under the jurisdiction of Public Prosecution in the Sultanate of Oman (April 18th, 2019)
Legal Basis for Asset Recovery in the country of origin
Conviction-based criminal prosecution and confiscation
Legal Basis for International Cooperation
UNCAC
Reciprocity
Manner of Asset Transfer
Direct wire transfer to a separate, designated government account for the asset return
Other
Notes
The manner of asset transfer was direct wire transfer to a separate, designated government account for the asset return and public prosecution’s bank account for penalties payment.
The date of asset freezing/seizure order was May 7th, 2011 in Switzerland, Zurich. The freezing order was enforced on April 18th, 2019 in Oman.
Assets returned
#1
Assets returned
12,166,124.99 USD
Assets Returned (USD equivalent)
$12,166,124.99
Date of return
April 2019 - July 2019
Asset Type at Time of Return
Cash/bank deposit
Agreement for Returned Assets
Yes – agreement under UNCAC Art.57(5)
Assets Confiscated
#1
Date of confiscation
January 2017
Asset Type at Time of Confiscation
Cash/bank deposit
Assets Frozen/Seized
#1
Date of freeze/seizure
May 2011
USD Conversion date
September 2023
Date and Country of Case Submission
January 1, 2020
Oman
Data Source
Official information provided by country authorities
List of Sources
| Document Title | Size and Format | Document Type | |
|---|---|---|---|
| Link | Government report / press release | Go to site |