Austria freezes Gaddafi assets

Austria's National Bank says it has ordered the freezing of assets belonging to Libyan leader Muammar Gaddafi and his entourage in line with EU sanctions.

The bank says about EURO 1.2 billion ($1.7 billion) Libyan deposits are currently in Austrian financial institutions but that it is still unclear if and how much of this money belongs to the Gaddafi's family and their allies. (AP)