09.14.07
Seychelles pursues assets of drug traffickers
President James Michel recently said that Seychelles law is being amended in order to allow to seize the assets of suspected drug traffickers.
Having marked one year in office, the President said that Seychelles has experienced significant growth during the year, however, there has also been an increase in substance abuse among the county’s population.
So, President Michel emphasized the necessity “to tackle the problem caused by those who are importing drugsâ€. According to him, certain laws are being amended in order to impound the assets of people dealing with drug trafficking.
The President said that apart from this problem, things have gone well for the country with the level of growth of 5.3%, which is an increase of 1.2% from the previous year. He also shared the expectations of 7.5% growth this year.
It is important that the President of Seychelles has raised the question of dealing with drug traffickers as drug trafficking goes hand-in-hand with money laundering, which might harm the reputation of Seychelles as a respectable offshore centre.