US Slaps Sanctions on Libyan State Broadcaster

Washington, May 6 (IANS) The US has imposed sanctions on Libya's state broadcaster and two other government-owned companies, Xinhua reported.

The Department of Treasury's Office of Foreign Assets Control (OFAC) identified the Jamahiriya Broadcasting Corporation, Dalia Advisory Ltd. and Lafico Algeria Holdings as subject to sanctions.

The Libyan state broadcaster owns several radio and TV stations in the North African country, Dalia is a London-based investment firm that is 100 percent owned by the Libyan Investment Authority, while Lafico is an Algeria-based subsidiary of the Libyan Arab Foreign Investment Company, the treasury said in a statement.

The sanctions result in the freezing of their assets within US jurisdiction and the prohibition of American nationals from engaging in business with them.

"The UN and countries around the world are locking down the government of Libya's assets to prevent the Gaddafi regime from sponsoring further bloodshed," said OFAC Director Adam J. Szubin.



Title : US Slaps Sanctions on Libyan State Broadcaster


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