U.S. Freezes Swiss Assets Of Fugitive Symbol Exec.

Law360, New York (March 21, 2006, 12:00 AM EST) -- The U.S. Department of Justice has prevailed in its long-running court battle with authorities in Switzerland to freeze $14.5 million deposited in Swiss bank accounts by the former chief executive of Symbol Technologies Inc.

The ruling by the Swiss Supreme Court will allow U.S. prosecutors to inspect the bank account records and use them to trace Tomo Razmilovic, who is suspected to be hiding in Sweden. Sweden has thus far declined U.S. requests to extradite Razmilovic.

The records pre-date Razmilovic’s indictment in 2004. The charges were...
To view the full article, register now.