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

Libya’s Zarti files suit over Austrian asset freeze

Posted on 10 March 2011

From Reuters: A former official at Libya’s sovereign wealth fund has asked Austria’s top court to release his assets that Vienna froze in a hunt for offshore wealth of Libyan leader Muammar Gaddafi and his inner circle.
Attorneys for Mustafa Zarti, 40, filed an appeal on Wednesday with Austria’s Constitutional Court against the March 4 asset freeze order from the central bank, a spokesman for Zarti said, confirming a report by the Austria Press Agency……………………………………….Full Article: Source


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