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Switzerland, Luxembourg return funds illegally taken from Peru

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Switzerland has signed a trilateral agreement with Peru and Luxembourg on the compensation of US$28 million embezzlement.

Such an agreement incorporates US$16.3 million seized in Switzerland and €9.7 million (US$11.8 million) in Luxembourg, the Swiss service said in an articulation.

The assets returned are planned to strenthen the standard of law and take action against debasement in Peru, for which reason they will be assigned to projects aimed at strengthening Peruvian courts.

The note shows these assets will also benefit the fiscal and judicial authorities.

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