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Last updated: 06:59:56 PM GMT(+03) Monday, 28, November, 2011
 
 

Street Calls for Asset Freezing in Yemen

 
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 Yemen Post Staff

 

More than one million youth protesters continue to flood Yemeni provinces calling for immediate asset freezing of the ruling family and its top aides.

 

Over the last 30 years, majority of projects in the government and public sector were run by senior Saleh aides who are suspected to have gained hundreds of millions in profits during the time.

Economic experts say these assets could be more than $25 billion and enough to help the country during its critical economic crisis. "The assets we are talking about are huge, and enough to help rebuilding Yemen at least for emergency needs. The assets could exceed 25-30 billion," said Ali Ashal, an opposition member of parliament and specialized in economic affairs.

Though Yemen had weak infrastructure to begin with, damages done to the oil, electricity, communication, and health sectors would need time and large financial support to rebuild.

All development projects were halted in January leaving everything waiting for a new government to implement.

Most international financial support has not been used wisely over the years, mainly due to corruption. "We have nothing in Yemen. No roads, hospitals, jobs, electricity or water. Countries did help, but the ruling family regime favored itself over the country," said Wajdi Nasser, a father of two who is living off charity since March when he lost his job.

Nasser's children are now begging in the streets, a decision he never thought he would be forced to make.

 

 

 

 

 


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Source: Yemen Post Newspaper
 
 
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Comments
Dr Comment Title:
11/28/2011 11:01:56 PM Date:
Name:
The freezing of assets should equally apply to all of Saleh's circle, including all ministers, some of whom are KNOWN to have transferred enormous amounts of money (money laundering) to Dubai, Kuwait, UK, and Canada! Comment:
 

 
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