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

Libyan sovereign fund official faces Austrian asset freeze

Posted on 04 March 2011

From Bloomberg: Austria’s central bank is expanding an asset freeze of 26 Libyans to include the deputy chief executive officer of the North African country’s sovereign wealth fund.

The National Bank ordered Mustafa Zarti’s accounts frozen as of tomorrow, a bank spokeswoman said today. Austria’s Foreign Ministry requested the freeze because of Zarti’s close links to Libya’s ruling family, spokesman Peter Launsky-Tieffenthal said in a telephone interview…………………………………….Full Article: Source


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