U.S. Introduces Resolution Calling UN Security Council to Freeze Taylor?s Assets

On March 12, 2004, the United Nations Security Council unanimously passed a U.S.-drafted resolution, Security Council Resolution 1532, that freezes the money and property of the former Liberian head of state, Charles Taylor, who in August went into forced exile in Nigeria. On March 5, 2004, the U.S. Government introduced the resolution. As reasons to freeze the assets of the former Liberian head of state, the resolution refers to concern that the exiled leader is trying to use proceeds of crime to undermine the country?s political transition. The United States Government charged that Taylor, who is currently living as part of his asylum in Liberia, continues to use millions in ?misappropriated funds? to exercise influence over events in Liberia. Stuart Holliday, a U.S. envoy, said Mr. Taylor was suspected of using misappropriated funds to meddle in Liberian affairs.