Languages
Page last updated at 08:58 GMT, Friday, 10 October 2008 09:58 UK

Libya 'to pull Swiss bank assets'

Hannibal Gaddafi (2005)
Hannibal Gaddafi was briefly arrested in Geneva in July

Libya is to withdraw assets from Swiss banks, estimated at $7bn, as a diplomatic row over the arrest of the Libyan leader's youngest son escalates.

Hannibal Gaddafi and his wife were detained in Geneva for assault in July, but the charges were later dropped.

The state-run news agency Jana also said that Libya was halting oil shipments to Switzerland.

An unnamed foreign ministry official said it was for the "poor treatment of Libyan diplomats and businessmen".

All kinds of economic co-operation with Switzerland are to be stopped until Geneva clarifies its motives, Jana quotes him as saying.

Compensation

The BBC's Rana Jawad in the Libyan capital, Tripoli, says Libya had previously demanded an apology from Swiss authorities for the arrest of Muammar Gaddafi's son.

A woman refuels her car at a Tamoil gas station, in Geneva
Tamoil says it supplies 20% of the Swiss fuel market

The couple were accused of hitting two of their staff.

They were released on bail three days later and Libya did not follow through on a threat at the time to halt oil shipments.

The two servants dropped all charges after receiving undisclosed compensation.

Libyan oil firm Tamoil says it supplies 20% of the Swiss fuel market and has more than 300 petrol stations in the country.

Swiss authorities have made no immediate comment on the latest developments.



Print Sponsor


SEE ALSO
Colonel Gaddafi's Libya
15 May 06 |  Middle East
Country profile: Libya
04 Apr 08 |  Country profiles

RELATED INTERNET LINKS
The BBC is not responsible for the content of external internet sites


FEATURES, VIEWS, ANALYSIS
Has China's housing bubble burst?
How the world's oldest clove tree defied an empire
Why Royal Ballet principal Sergei Polunin quit

BBC iD

Sign in

BBC navigation

Copyright © 2017 BBC. The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.

Americas Africa Europe Middle East South Asia Asia Pacific