FINANCIAL NEWS

Italy confiscates USD1.5b in Gadhafi assets

29 Mar 2012

(MENAFN) Italian tax police, Ten. Col. Gavino Putzo, said that the department seized USD1.5 billion in assets belonging to the family of late Libyan leader Moammar Gadhafi, reported AP.

Putzo added that the assets, which are also related to some associates of the family, include a 1.256 percent share of Italian bank Unicredit, 1.5 percent of Juventus soccer team and 0.58 percent of energy giant Eni.

On the other hand, he said that the assets were frozen in 2011, under UN resolutions, and officials in The Hague had requested the seizure.

It is worth noting that the assets also include an apartment in Rome, land on the Sicilian island of Pantelleria and 2 motorcycles.

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