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

Libyan fund manager slams Austrian asset freeze

Posted on 21 June 2011

A top Libyan official accused Austria on Saturday of betraying its liberal traditions by freezing his assets as part of a hunt for offshore wealth held by Libyan leader Muammar Gaddafi and his inner circle.
Austria on Friday added Mustafa Zarti, deputy head of the Libya Investment Authority (LIA) sovereign wealth fund, to its blacklist of suspected Gaddafi cronies, calling him a “close confidant of the regime in Libya”……………………………………….Full Article: Source


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