Asset freezing: Libys's Gadhafi and related parties

Authorities in the UK and Switzerland are taking steps to freeze bank accounts and other assets owned or controlled by or connected to Libya's Colonel Gadhafi, his relatives and associates.

It is said that some USD700 million has been identified in bank accounts in Switzerland and that, in the UK, a property valued at approximately GBP10 million plus "liquid assets" of approx GBP20,000 has been identified.

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