Swiss banks freeze assets of Qaddafi and Co.

GENEVA - Switzerland ordered the immediate freeze Thursday of any Swiss assets belonging to Libyan leader Muammar Qaddafi or his entourage, saying it wanted to prevent the possible misuse of state funds.

The Swiss government said it took the decision "in view of the developments" in Libya, where security forces have launched a violent crackdown against anti-government protesters.

Switzerland recently froze the Swiss assets of Tunisia's Zine Al Abidine Ben Ali and Egypt's Hosni Mubarak - but only after they had been deposed.

Complete coverage: Anger in the Arab World

The latest asset freeze comes as Qaddafi still clings to power in the face of growing international pressure to halt his forces' attempts to suppress anti-government protests that have spread to large parts of the country.

It is unclear if Qaddafi, his family or senior Libyan officials have any assets in Switzerland anymore. Libya withdrew most of its money from Swiss banks two years ago after the two countries became embroiled in a spat over the arrest of Gadhafi's son Hannibal in a Geneva hotel.

[rightbehind]

Too funny! The dictators run out friends in the end, Even those they've paid for.

[mchoward21]

God those are some sweet sunglasses...he looks like a corpse

[ibsteve2u]

Whoa...what is that, two or three times in the last few weeks the Swiss have done the right thing?

lolll...man...thinking the banks in Panama are probably seeing a lot of wire transfers as America's "conservative" 1%ers ponder the possibility that the secrecy their preferred tax evasion destination has always been renowned for may be becoming Swiss like in cheese...

Especially for those who have stashed ill-gotten gains.

[RatPackSixGun]

Don't kid yourself. Swiss banking system is now the lapdog of Obama's US State Department.

Your hero Soros is no stranger to Geneva. Nor Panama.