Friday, 4 March 2011

FT Alphaville » Why Libya’s sovereign fund is being frozen

Austria was the latest country to freeze assets linked to the Libyan Investment Authority on Friday. Or more specifically — assets tied to Mustafa Zarti, who is the LIA’s deputy chief.

And a close friend of Saif Gaddafi.

Which tells you exactly why an asset freeze initially targeted at the Gaddafi family has now also brought down a sovereign wealth fund.

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