Swiss order any assets belonging to Gaddafi frozen

February 24, 2011 21:18

GENEVA — Switzerland ordered the immediate freeze Thursday of any Swiss assets belonging to Libyan leader Muammar Gaddafi or his entourage, saying it wanted to prevent the possible misuse of state funds.

The Swiss government said it took the decision "in view of the developments" in Libya, where security forces have launched a violent crackdown against anti-government protesters.

It is unclear if Gaddafi, his family or senior Libyan officials have any assets in Switzerland anymore. Libya withdrew most of its money from Swiss banks two years ago after the two countries became embroiled in a spat over the arrest of Gaddafi's son Hannibal in a Geneva hotel.

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