U.S. President Barack Obama reaffirmed American support Tuesday for Arab Spring nations seeking to recover possibly billions of dollars in assets stashed away by members of the toppled regimes.
But one of Obama's senior advisers noted that international legal obstacles still remain to track down and reclaim looted money that is often hidden under false names and dummy corporations.
"This money — potentially billions of dollars — does not belong to those who wielded power. It belongs to the people," Obama said in a video message to open a conference on efforts to trace and recovery state funds from the deposed rulers in Libya, Tunisia and Egypt.
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