- News>
- World
Bush broadens authority of US to seize Iraqi assets
Crawford (Texas), Aug 30: US President George W Bush signed an executive order that expands his authority to seize the assets of former Iraqi senior officials and their relatives to help rebuild Iraq.
Crawford (Texas), Aug 30: US President George W Bush signed an executive order that expands his authority to seize the assets of former Iraqi senior officials and their relatives to help rebuild Iraq.
While the order does not designate any new individuals, it makes it possible for US officials to confiscate the assets of immediate family members and entities owned or controlled by the former officials categories not covered under Bush's previous orders.
"The order that I have now issued broadens the scope of persons whose assets may be frozen under those orders by adding the immediate family members of former Iraqi senior officials whose assets may be frozen," Bush yesterday said in a letter sent to Congressional leaders. The action extends an executive order Bush signed in may to make it conform with a UN resolution, said White House spokeswoman Claire Buchan.
In the resolution, the UN Security Council decided that UN member states would freeze the assets of members of the former Iraqi regime as well as their relatives and transfer them to the development fund for Iraq.
Bureau Report
"The order that I have now issued broadens the scope of persons whose assets may be frozen under those orders by adding the immediate family members of former Iraqi senior officials whose assets may be frozen," Bush yesterday said in a letter sent to Congressional leaders. The action extends an executive order Bush signed in may to make it conform with a UN resolution, said White House spokeswoman Claire Buchan.
In the resolution, the UN Security Council decided that UN member states would freeze the assets of members of the former Iraqi regime as well as their relatives and transfer them to the development fund for Iraq.
Bureau Report