Libyan economy faces many hurdles after Gadhafi (AP)

Submitted by Michael Snyder via The Economic Collapse blog,

Switzerland’s government has moved to freeze any assets in the country’s banks that might belong to Libyan leader Moammar Gadhafi, the Swiss Federal Department of Foreign Affairs said Thursday.

Libyan leader Col. Moammar Gadhafi, who holds increasing sway over the Italian economy, upset some Italians by urging conversion to Islam during a three-day visit to the home of Roman Catholicism.

TRIPOLI, Libya — A court in Libya on Tuesday sentenced a son of Moammar Gadhafi to death by firing squad after convicting him of murder and inciting genocide during the country’s 2011 civil war. It is unlikely, however, that the sentence against Seif al-Islam Gadhafi will be carried out anytime soon, as a militia in western Libya has refused to hand him over to the government for the past four years.

Warning: Graphic content He was once a playboy with a soccer career sponsored by his dictator father but now Saadi Gadhafi, the son of Libya’s longtime ruler, Moammar Gadhafi, has appeared in a video documenting prisoner abuse. Throughout the nine-minute long video, the 42-year-old sits hunched and blindfolded as he listens to the screams of other detainees being beaten. At the end of the film, Gadhafi’s jailers ask him if he would rather be beaten on his feet or on his buttocks.