Sunday, April 01, 2012

(HERALD) Gaddafi family says Italy asset seizure illegal

Gaddafi family says Italy asset seizure illegal
Saturday, 31 March 2012 00:00

TRIPOLI. — Muammar Gaddafi’s family described as illegal on Thursday the seizure of 1,1 billion euros worth of assets that Italian police said belonged to members of the ousted Libyan leader’s family, Reuters reported The assets, including stakes in blue chip Italian companies, a Harley-Davidson motorcycle and a chunk of forest on a Mediterranean island, were held by Libya’s sovereign wealth fund on behalf of the Gaddafi family, Italy’s tax police said.

A lawyer who represents Gaddafi’s daughter Aisha and son Saadi, both of whom have been in exile since a rebellion last year ended their father’s rule, said the assets were part of legitimate investments by the sovereign wealth fund. The Italian seizure of assets comprise a belated and illegal compliance with a dubious court order and a persecutory sanctions regime,” the lawyer, Nick Kaufman, said in a statement. — http://en.trend.az


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