Print Print edition: 2011-02-25

Switzerland orders freeze on any Gaddafi assets

Published Updated

Switzerland on Thursday ordered an immediate freeze on any assets that may belong to defiant Libyan strongman Muammar Gaddafi and his entourage, the Swiss foreign ministry said in a statement. "The Federal Council (government) condemns the violence used by the Libyan strongman against the people in the strongest terms," the ministry said in a statement.
"In view of the developments the Federal Council has decided to block with immediate effect any possible assets of Muammar Gaddafi and his entourage in Switzerland," it added. The Swiss government said it wanted to avoid any misappropriation of Libyan state property that might still be in Switzerland. Switzerland has been locked in a bitter stand-off with Libya's ruling Gaddafi family since the brief arrest of a son of the Libyan leader, Hannibal, in a Geneva hotel in July 2008 on suspicion of assaulting two of his domestic workers.