Jordan freezes Libyan assets

AP, Monday 9 May 2011

Action against $500m of Gaddafi holdings comes in addition to freeze of Libya investments in Amman bourse

A Jordanian finance official says the kingdom has frozen Libyan assets totalling about US$500 million. Jordan also has frozen Libyan investments, mainly in the Amman Stock Exchange, of about $782 million.

The official says the freeze took effect five weeks ago in line with a UN Security Council request. He says it was not acknowledged to the press earlier because authorities were trying to locate all targeted Libyan assets.

The official insisted on anonymity Monday, citing the sensitivity of the information.

Libya's Muammar Gaddafi is a fierce critic of Jordan because of its alliance with the U.S. and diplomatic ties with Israel.

Jordan is helping to enforce a no-fly zone over Libya.

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