US Freezes Ivory Coast President's Assets

Law360, New York (January 7, 2011, 1:22 PM EST) -- Federal authorities have frozen the U.S.-based assets of outgoing Ivory Coast President Laurent Gbagbo, his wife and members of his inner circle over the politician's refusal to leave office following his defeat in a runoff election in November.

The sanctions announced Thursday by the U.S. Department of the Treasury's Office of Foreign Assets Control also prohibit those in the U.S. from conducting commercial or financial business with those individuals, who are accused of undermining the peace and reconciliation process in the West African country.

On Nov....
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