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Sovereign Wealth Funds Briefing - Categorized | Compliance/Regulation/Legal

Gaddafi family says Italy asset seizure illegal

Posted on 30 March 2012

Muammar Gaddafi’s family described as illegal on Thursday the seizure of 1.1 billion euros ($1.46 billion) worth of assets that Italian police said belonged to members of the ousted Libyan leader’s family.
The assets, including stakes in blue chip Italian companies, a Harley-Davidson motorcycle and a chunk of forest on a Mediterranean island, were held by Libya’s sovereign wealth fund on behalf of the Gaddafi family, Italy’s tax police said………………………………………..Full Article: Source


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