Turkey freezes assets of Yemeni ex-president Saleh

Assets were in form of property, cash, shares, gold, and were believed to spread across at least 20 countries

Reuters April 21, 2016
Yemen's former President Ali Abdullah Saleh talks during an interview with Reuters in Sanaa May 21, 2014. REUTERS

ISTUNBUL: Turkey has frozen the assets of former Yemeni president Ali Abdullah Saleh, in line with a decision by the UN Security Council, the government said in its Official Gazette on Thursday.

All of Saleh's assets in Turkish banks and other financial institutions were frozen, it said. It did not say how much money Saleh was believed to hold in Turkey.

Yemen's guerrilla war tests military ambitions of big-spending Saudis

UN-appointed investigators have told the Security Council they suspect Saleh of amassing as much as $60 billion, equivalent to Yemen's annual GDP, during his long rule, and colluding in a takeover by the Houthi militia in 2014.

Most of this wealth was believed to have been transferred abroad under false names or the names of others holding the assets on his behalf, the investigators have said.

The assets were in the form of property, cash, shares, gold and other valuable commodities, and were believed to spread across at least 20 countries.

Yemen rebels say to join delayed peace talks in Kuwait

Saleh, who is head of Yemen's largest party, the General People's Congress, enjoys the loyalty of sections of the armed forces despite having stepped down from office nearly four years ago after months of protests. He later emerged as ally of the Iran-backed Houthi Shia fighters.

Majority Sunni Turkey is allied with Saudi Arabia in Yemen, where forces loyal to Yemen's Saudi-backed president are fighting the Houthis.


Replying to X

Comments are moderated and generally will be posted if they are on-topic and not abusive.

For more information, please see our Comments FAQ