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 This material may not be published, broadcast, rewritten or redistributed.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:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Ex-UN Ambassador Wallace: US Should Just Say It - We're at War

Monday, 22 Sep 2014 19:55 PM

The United States should stop going out of its way to avoid calling the military initiative against the Islamic State (I . . .

Google Chairman Says Climate Change Group 'Lying,' Pulls Funding

Monday, 22 Sep 2014 19:30 PM

Google Inc. Chairman Eric Schmidt said the world's biggest Internet search company made a mistake in funding a political . . .

US Cracks Down on Corporate Tax 'Inversions'

Monday, 22 Sep 2014 18:48 PM

The Obama administration cracked down Monday on so-called tax inversions, aiming to curb a spate of American companies s . . .

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