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Taylor held $5B in US banks during presidency: SCSL chief prosecutor

[JURIST] Former Liberian President Charles Taylor [SCSL case materials; JURIST news archive] controlled about five billion dollars held at two US banks during his presidency, Special Court for Sierra Leone [official website] head prosecutor Stephen Rapp told the BBC Friday. It is unclear what funds Taylor still holds, but a June 2007 UN report concluded that Taylor may control millions of dollars [JURIST report] held in bank accounts worldwide. Rapp said he was now attempting to trace the funds, which may be subject to a UN freeze if recovered.

Taylor faces charges [indictment, PDF] of murder, rape, and the recruitment and use of child soldiers during a bloody civil war in Sierra Leone. The trial has been moved to The Hague [JURIST report] for security reasons. BBC News has more.

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Paper Chase is JURIST's real-time legal news service, powered by a team of 30 law student reporters and editors led by law professor Bernard Hibbitts at the University of Pittsburgh School of Law. As an educational service, Paper Chase is dedicated to presenting important legal news and materials rapidly, objectively and intelligibly in an accessible format.

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