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

US freezes record $30 bln in Libyan assets

Posted on 01 March 2011

From Voanews.com: The United States has frozen $30 billion in assets controlled by Libyan leader Moammar Gadhafi and his family, in what the Obama administration says is the single largest seizure of foreign funds in American history. Treasury officials say some of the assets frozen since Friday belong to Libya’s central bank and its oil-heavy sovereign wealth fund, the Libyan Investment Authority.
The Wall Street Journal reported that the U.S. determined both are directly controlled by Mr. Gadhafi……………………………………….Full Article: Source


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