Private Group Forming to Recover Looted Assets Linked to Corrupt Leaders

By Brian Monroe

A group of seasoned attorneys and investigators is launching a non-profit organization to help developing countries recover some of the billions of dollars in assets plundered by corrupt political leaders. Slated to begin operations in London by the end of the year, the 10-member organization will work with the nations to gather evidence and sue financial institutions and foreign jurisdictions for the return of funds misappropriated by unscrupulous politicians. The group, tentatively called the Global Asset Recovery Initiative, formed a steering committee earlier this year but has yet to formally announce its plans. Corrupt officials who abscond with the wealth...