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article imageItaly seizes Gaddafi family assets worth $1.5 billion

By Katerina Nikolas     Mar 29, 2012 in World
Working under orders from the International Criminal Court (ICC) in the Hague, Italian financial police have seized assets controlled by the Gaddafi family worth $1.5 billion.
Alarabiya reported the ICC requested assets be seized as part of its investigation into Colonel Gaddafi's son Saif al-Islam Gaddafi, and ex intelligence chief Abdullah Senussi. The ICC continues to investigate the alleged crimes of both men in spite of Libya's intent to try both men before a court in Libya.
Colonel Gavino Putzu of Rome's financial police itemised some of the seized assets. According to the Independent they included an apartment in Rome, land on the island of Pantelleria, and two motorcycles. Most of the assets were held in shares which include holdings in Italian Unicredit Bank, Juventus football team and Italian energy company ENI.
Libyan assets have been seized by the U.S., the European Union, the United Nations and South Africa. Some, but not all of the Libyan assets seized during the Libyan uprising, have been released to the National Transitional Council.
ENI remains the largest foreign oil producer in Libya following a resumption of business after the death of Gaddafi. The company has also received a special exemption from Iranian sanctions. Press TV reported it is allowed it to continue to receive oil from Iran in spite of the European Union embargo. It currently imports 10,000 barrels of Iranian crude on a daily basis.
More about Gaddafi assets, Italy, godwin eni, National Transitonal council, Saif alIslam Gaddafi
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