Sunday 6 March 2011

Libyan fund manager slams Austrian asset freeze | Reuters

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".

Zarti, who has an Austrian passport and lived for years in Vienna as a youth, hit back in an interview with Reuters, denying any links to the clan other than Gaddafi's son Saif al-Islam, whom Zarti called a long-time friend.

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