BRUSSELS, Sept 30 (KUNA) -- The European Court of Justice annulled Thursday
an EU regulation freezing the funds of Saudi citizen Yassin Abdullah Kadi.
The Luxembourg-based court said in a statement that the regulation "was
adopted in breach of Mr Kadi's rights of defence and constitutes an
unjustified restriction of his right to property."
Yassin Abdullah Kadi, a Saudi Arabian national, was designated by the
Sanctions Committee of the United Nations Security Council in 2001 as being
associated with Usama bin Laden, Al-Qaeda or the Taliban, noted the statement.
In accordance with a number of resolutions of the Security Council, all
states that are Members of the United Nations must freeze the funds and other
financial resources controlled directly or indirectly by such persons or
Kadi had sought annulment of the EU regulation.
A spokesperson for the European Commission Maja Kocijancic told journalists
in Brussels that the EU's executive body will look into the court ruling and
announce its position after that.
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