Canada freezes C$2.3 billion in Gaddafi assets

Tue Mar 1, 2011 3:21pm EST
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OTTAWA (Reuters) - Canada has frozen C$2.3 billion ($2.4 billion) worth of assets belonging to Libyan leader Muammar Gaddafi, a government official told Reuters on Tuesday.

The official did not give details.

Ottawa announced a clampdown on doing business with Libyan institutions on Sunday and later said it had blocked unspecified financial dealings the Libyan government had planned to carry out in Canada.

The United States, Austria and Britain have also frozen Gaddafi assets over the last few days.

($1=$0.97 Canadian)

(Reporting by David Ljunggren; editing by Rob Wilson)