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Britain
UK freezes Saudi group's assets
2004-12-26
The Bank of England has frozen funds linked to a prominent Saudi dissident accused of links to al-Qaeda. Saad al-Faqih, who heads the Movement for Islamic Reform in Arabia (Mira), is accused by the UN of ties to the terror organisation. He denies the claims. UK financial institutions have been told not to release Mira's assets. The Treasury said it had "reasonable grounds" for suspecting the group was acting on behalf of Mr al-Faqih, who lives in exile in London. A Treasury spokeswoman said: "The Chancellor today instructed the Bank of England, acting as HM Treasury's agent, to direct all UK financial institutions to freeze any funds held for or on behalf of the entity the Movement for Islamic Reform in Arabia immediately."
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Kudos, UK! Now expect some tit-for-tat moves. They are Saudis, after all.
Posted by:.com

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