Syria Transfers Seized Assets of Assad Associates to Secret $50 Billion Fund

BAKU.WS: Xəbəriniz olsun

Factuality

Ownership

An investment fund created with assets confiscated from the family and inner circle of former Syrian President Bashar al-Assad has become a major force in the country's economy. The fund is intended to be used to attract foreign investment and rebuild the economy.

Life.ru

Factuality

Ownership

The Syrian authorities transferred the property of former President Bashar Al-Assad to a closed State fund, valued at $50 billion in total assets, but the income is hidden, reports the Financial Times.

7al.net

Factuality

Ownership

A report by the British Financial Times revealed that the Syrian Sovereign Fund was expanding its influence on the management of government assets and companies seized by the authorities from businessmen associated with the former regime, in the absence of financial statements about its activities. The newspaper, Friday, 9 October, explained that the Fund had become a major manager of state property and had partnered with foreign investors, alth…

banker.bg

Factuality

Ownership

Syria’s leaders have transferred assets seized from ally of ousted President Bashar al-Assad to an opaque state fund that is playing a central role in the new government’s efforts to transform the country’s shattered economy and attract foreign investment. Created last year by President Ahmed al-Sharaa, the Syrian Sovereign Wealth Fund has taken over […]