Treasury Says $30 Billion in Libyan Assets Frozen

Monday, 28 Feb 2011 04:01 PM

 

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink

WASHINGTON (AP) — The Treasury Department says that at least $30 billion in Libyan assets have been frozen since President Barack Obama imposed sanctions on Libya last week.

David Cohen, Treasury's acting undersecretary for terrorism and financial intelligence, said that the $30 billion represented the largest amount ever frozen by a U.S. sanctions order. He said that there had been no evidence that Moammar Gadhafi or agents working on his behalf had tried to withdraw funds before the sanctions order went into effect.

Cohen, speaking to reporters on a conference call Monday, refused to provide any details on how many U.S. financial institutions held the Libyan assets or how the money was divided between Gadhafi and his family and the country's sovereign wealth fund.

© Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Retype Email:
Country
Zip Code:
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
You May Also Like

Paul Ryan: Obama's Impeachment Talk Is 'Ridiculous Gambit'

Wednesday, 30 Jul 2014 22:32 PM

Rep. Paul Ryan says legislation to deal with the crisis of illegal migrant children is imminent – but broader reform unl . . .

Feds to Give Company $84M for Destroyed Gaza Power Plant

Wednesday, 30 Jul 2014 22:09 PM

A little-known federal agency that helps U.S. companies expand overseas is reportedly ready to fork over $84 million to  . . .

War College to Make Final Decision on Montana Democrat Sen. Walsh

Wednesday, 30 Jul 2014 21:21 PM

The U.S. Army War College will have the final say over whether any punishment is warranted in a plagiarism investigation . . .

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved