Mon, June 06, 2011
World > Africa

Algeria starts to freeze Gaddafi's assets: report

2011-06-06 00:43:28 GMT2011-06-06 08:43:28(Beijing Time)  Xinhua English

ALGIERS, June 5 (Xinhua) -- Algeria has started to freeze assets of Libyan officials and companies, local daily Echorouk reported on Sunday.

According to the report, Algerian Minister of Finance Karim Djoudi has urged, via a secret instruction, banks, insurance companies and all local and foreign accredited institutions to start to freeze assets belonging to members of the Libyan government.

The report also said the instruction stipulates that all Libyan assets, including real estates, funds and investments in Algeria should be tracked down and frozen.

The minister ordered the concerned institutions to circulate the instruction to all financial agencies in order to guarantee the detection of the whole funds and financial resources belonging to Libyan leader Muammar Gaddafi and his family members, the report said.

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