Libya has $1 billion frozen in U.S. banks
Published: Aug. 28, 2011 at 1:07 PM
NEW YORK, Aug. 28 (UPI) -- Libya has more than $1 billion frozen in
four U.S. banks, documents from the Treasury Department revealed.
The New York Post said Sunday the $1.1 billion in frozen government
funds are in accounts at Bank of America, Wells Fargo, Goldman Sachs
and JPMorgan Chase.
The Treasury Department's Office of Foreign Assets Control said in a
report obtained by the Post that Goldman Sachs has the largest
account, totaling nearly $605 million.
Libyan assets were frozen in February under U.N. sanctions.
It is believed Libya has a total of $37 billion in property and
investments in the United States.
Washington has not made any comment on when the frozen assets
would be released now that Libyan leader Moammar Gadhafi has apparently been toppled.
Read more: http://www.upi.com/Top_News/US/2011...in-US-banks/UPI-63281314551227/#ixzz1WMCbasbN
Published: Aug. 28, 2011 at 1:07 PM
NEW YORK, Aug. 28 (UPI) -- Libya has more than $1 billion frozen in
four U.S. banks, documents from the Treasury Department revealed.
The New York Post said Sunday the $1.1 billion in frozen government
funds are in accounts at Bank of America, Wells Fargo, Goldman Sachs
and JPMorgan Chase.
The Treasury Department's Office of Foreign Assets Control said in a
report obtained by the Post that Goldman Sachs has the largest
account, totaling nearly $605 million.
Libyan assets were frozen in February under U.N. sanctions.
It is believed Libya has a total of $37 billion in property and
investments in the United States.
Washington has not made any comment on when the frozen assets
would be released now that Libyan leader Moammar Gadhafi has apparently been toppled.
Read more: http://www.upi.com/Top_News/US/2011...in-US-banks/UPI-63281314551227/#ixzz1WMCbasbN
