THE GUARDIAN: Emergency meeting of Privy Council held at Windsor Castle after Libyan leader reportedly moved £3bn to Britain
Britain froze the assets of Muammar Gaddafi and his five children on Sunday evening at an emergency meeting of the Privy Council at Windsor castle presided over by the Queen.
The chancellor, George Osborne, acted amid reports that the Libyan leader had moved £3bn to Britain last week. In a separate cloak-and-dagger operation, £900m of Libyan currency was impounded in Britain.
Earlier ministers announced they had stripped the Gaddafi family of its diplomatic immunity in Britain.
A special meeting of the Privy Council at 5.15pm on Sunday approved an order in council freezing the assets of Gaddafi, his sons Saif al-Islam, Hannibal Muammar, Khamis Muammar, and Mutassim, and his daughter Aisha Muammar. The Times reported on Saturday that Gaddafi had deposited £3m with a Mayfair-based private wealth manager last week. >>> Nicholas Watt, chief political correspondent | Sunday, February 27, 2011
