(Ahlul Bayt News Agency) - US State Department spokesman P.J. Crowley has said that the asset freeze may be one of the measures taken against the Libyan ruler and some of his top officials responsible for the violent clampdown on pro-democracy protesters.
Meanwhile, the Swiss government has issued a statement saying that it has frozen all "possible assets" of Gaddafi.
"In view of the developments, the Federal Council has decided to block with immediate effect any possible assets of Muammar Gaddafi and his entourage in Switzerland," the Swiss foreign ministry said in the statement.
Libya's Foreign Ministry has slammed Switzerland for the decision, saying Gaddafi does not have any bank accounts or funds in the European country and vowed to sue the Swiss government.
The WikiLeaks website has revealed that a Libyan secretive fund in US banks holds about $32 billion.
The website has also reported that Gaddafi's funds in Europe are estimated to be around seven billion dollars.
Meanwhile, London's Daily Telegraph has said that Gaddafi has some 20 billion pounds in liquid cash in UK. It also said that the British government is going to seize the Libyan assets "within days."
Pro-democracy protesters have taken control of much of the east and are moving toward the west of the country.
Some oil terminals are also being protected by protesters in order to prevent any sabotage on the country's main source of income by forces loyal to Gaddafi.
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