Wednesday, March 2, 2011

Queen freezes the assets of the clan Gaddafi UK

FM Capital Partners, a hedge fund in a building in Knightsbridge, in the heart of London, had all the advantages of hedge funds worthy of the name: a trading room, monitors, televisions and traders. Founded in 2010 by the Libyan Investment Authority (LIA), with 3 billion pounds (3.5 billion euros) in assets, this structure was, in his French manager, Fred Marino, "more than just money designed to create efficiency for customers.

It is also to transfer technology and know-how "sovereign fund managers. Two heavyweights of the Libyan regime were on the board of the hedge fund. Under the freezing of Libyan assets in the United Kingdom, estimated at 20 billion pounds, imposed by the government Cameron Capital Partners assets were frozen.

Are also targeted by the sanctions: the participation of the LIA in the publisher Pearson - owner of the Financial timeset Penguin - two blocks of commercial buildings within the City and Oxford Street, bank deposits and a billion pounds dinars. Finally, the seals were put in Hampstead mansion owned by Saif al-Islam, the second son of the dictator.

London became the hub of Libyan investments in Europe in 2004, when Tony Blair, prime minister extended a "hand of friendship" to Muammar Gaddafi. The privileged status reserved for petrodollars, tax relief, the existence of a large Arab community and traditional links with the Middle East and Africa accounted for this tropism UK Gaddafi clan.

Experts in the proper use of wealth of others, banks in the first financial center in Europe have never been very particular about the money of dictators. The "old lady" was the more permissive than Saif Al-Islam, a great Anglophile, Doctor of Economics from the London School of Economics, had established a powerful network of influence within the establishment.

Nothing but fine linen: Tony Blair, of course, has meanwhile become counselor of the U.S. bank JP Morgan, its former eminence grise, Peter Mandelson, who now officiates at Lazard, ex-MI6 spy Mark Allen recruited by the oil company BP, very active in Libya, the speculator Nat Rothschild and Russian oligarch Oleg Deripaska.

The British representative to foreign trade, Prince Andrew, second son of Queen, was also part of the nebula Saif Al-Islam. The relationship did not prevent Elizabeth II brandishing lightning after swinging incense in good diplomat for seven years. February 27, late afternoon in the Windsor Castle, Her Majesty has signed the writing round the ministerial decree preventing the central bank of Tripoli to recover the equivalent of one billion euros in bank notes Freshly printed by a printer of the North East of England.

Marc Roche

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