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Archive for March, 2011

Biggest losses in Irish corporate history!

By Cormac Murphy

Thursday March 31 2011

ANGLO Irish Bank unveiled the biggest losses in Irish corporate history at €17.7bn on what was another Black Thursday for the banking sector.

Anglo made the announcement on the day the results of the Central Bank‘s stress tests are being announced.

The bank has broken its own record for incurring the worst ever losses in Irish corporate history, saying 2010 was another exceptionally difficult period.

The loss figure includes impairment charges of €7.8bn and a loss of €11.5bn on disposal of assets to the National Asset Management Agency.

Anglo said the impairment charges included €2.6bn relating to NAMA loans.

The scandal-hit lender, which was run into the ground by former chairman Sean FitzPatrick, has cost taxpayers €29.3bn in recapitalisation costs.

CEO Mike Annesley said the bank believes 2010 was the last year of these types of extraordinary losses.

In a significant statement, he said: “We don’t expect that the taxpayer is going to need to put any more funds into the bank.”

However, if the property market continued to fall that would have an impact on the future value of the loans, he added.

Anglo is winding down and it is tasked with managing the repayment of some €35bn of loans still on its books.

In the past few weeks, its deposit book has been transferred to AIB.

Mr Annesley said that the bank had gone from 1,800 staff when the bank was nationalised to 800 and back to 1,300.

He told RTE’s Morning Ireland that the bank expects to be somewhere around the 1,000 mark by the end of 2011.

Anglo said its net interest income came to €0.7bn for the year.

Total expenses amounted to €353m, compared to €309m in 2009.

During the year, customers’ deposits declined from €27.2bn to €11.1bn by the end of December 2010.

Borrowings from banks increased to €46.6bn and included €45bn from central banks compared with €23.7bn in 2009.

Anglo said its total assets by the end of the year were €72.2bn, down from €85.2bn in 2009.

Its impaired loans totalled €17.6bn.

The bank said conditions in wholesale funding markets remain extremely difficult and it continues to rely on Government and monetary authority support mechanisms.

Anglo, nationalised in January 2009, has so far received promises of State assistance totalling €29.3bn.

It has also appointed consultants to value its US loan book and is continuing to pursue former chairman Sean FitzPatrick through bankruptcy proceedings.

The bank gave an update in an annual report of what former directors of the bank continue to owe the lender, including Lar Bradshaw, David Drumm and William McAteer.


– Cormac Murphy

then we have this from Dan White from the Herald.ie

Having already committed €46bn of taxpayers’ money, the indications are that Michael Noonan would be coughing up at least another €23bn. This will bring the total up to at least €70bn, the equivalent of almost €40,000 for every person still working here.

The latest black hole in the banks’ balance sheets has been caused by the rapidly worsening state of their mortgage loan books.

The banks have been clobbered by a double whammy of soaring arrears and the fact that most of their mortgages are loss-making trackers.

This is going to force all of the major banks, particularly AIB and Permanent TSB, the mortgage banking subsidiary of Irish Life & Permanent, to make major writedowns on home loans.

It means BoI and IL&P, the two banks which had avoided State ownership, are now set to follow AIB, Anglo, EBS and Irish Nationwide into State control.

Two-and-a-half years after Brian Lenihan’s disastrous decision to unconditionally guarantee their deposits and bonds, all of the Irish-owned banks have now been effectively nationalised.



Isn’t it a bit strange that Anglo would come out to-day with these catastrophic losses the same day we are getting the results of the latest stress tests for the Irish banking system?

I believe this has been carefully planned by the Central bank and the department of Finance. The news is as bad as it could be. The Irish taxpayer is again forced into a position of having to swallow this private toxic debt. Why won’t the new Minster of Finance shut this black hole down? May I remind him he is supposed to be working for the Irish people and not the international bondholders?   

 We have now have witnessed five attempts to stabilize the Banking system and 3 stress tests and as far as I am concerned we still haven’t got to the real figures yet! Not unless we hear the big D word Derivatives.

Where are the Derivative losses from the banks???  

Since September 2008 Government guarantee of 400 billion

2009 then we had 10.875 billion injected into the banks

Early 2010 we had another 22billion injected the banks again

Late 2010 we had 13.5 billion into the main banks

And now today, we are told that the banks will need another 24 billion injection

What makes anyone believe we have now got all the figures on the table we were lied to before and we are now been lied to again? This is not what the Irish electorate wanted Mr. Kenny you said not one cent more. How can you justify hospital closures and the slashing of essential public services just to bailout private gamblers?

Pat Short: Where did me money go?

No way we wont pay:Irish Bank Bailout again!

Ireland‘s embattled banks need to be bolstered by an extra €24bn (£21bn) – some €13bn of which needs to be used to prop up the troubled Allied Irish Banks (AIB).

It takes the total bill for repairing the hole in the banking sector caused by the bursting of the Irish property bubble to €70bn.

All the Irish banks are now likely to be state-owned. Two new universal banks are expected to be created from existing institutions – Bank of Ireland will remain while AIB and building society EBS are to be merged.

“We will also ensure that they are fully recapitalised so that the world looks at these core banks with confidence and they in turn help instil confidence in our economy,” said Michael Noonan, minister for finance. The extra funds are within the funding envelope available for this purpose from the EU/IMF programme of support announced last year.

Ireland’s central bank governor, Patrick Honohan, said it was “one of the costliest banking crises in history”.

He said that by forcing banks to hold even more capital, he hoped that confidence would be restored to the sector, which is reliant on the European Central Bank for day-to-day funding.

He said the banks needed to be able to have enough capital to meet even the markets’ most “gloomy prognostications”.

While AIB will need €13.3bn, Bank of Ireland will need €5.2bn, EBS building society €1.5bn and Irish Life and Permanent some €4bn.

Ireland had previously announced a figure of €46bn for the cost of bailing out its banks.

Noonan blamed the cause of the crisis on the decision by the former Fianna Fail government in September 2008 – during the international banking crisis – to guarantee the banking sector and particularly Anglo Irish Bank.

Anglo and Irish Nationwide were not part of the latest stress tests and there is no “immediate need” for extra capital.

“The country has been left with an appalling legacy: a legacy of debt, of unemployment, of emigration, of falling living standards and of low morale,” Noonan said.

He added that overseas banks operating in Ireland – including the Ulster Bank operation of Royal Bank of Scotland – “will help maintain the competitive fabric of the market” as Ireland’s banks were restructured.

He described Bank of Ireland as the “pillar one” bank that will shed €30bn of assets but retain its link with the Post Office in the UK.

The “pillar two” bank – the combined AIB and EBS – will deleverage by €23bn by 2013


the irish times says

Ireland’s beleaguered banking sector is to be recapitalised by a further €24 billion and restructured around two core retail banks under the Government’s plan to finally draw a line under the banking crisis.

This will be the fifth attempt to recapitalise the banks and bring the total cost of bailing out the sector up from €46 billion to €70 billion.

Under the plan, Minister for Finance Michael Noonan said the Government would reduce the number of domestic banks to two “universal pillar banks”.

Bank of Ireland, which will form the first pillar of the new banking system, will be forced to sell off €30 billion of assets by 2013.

The restructuring will also see Allied Irish Bank – once the country’s biggest bank – merged with the EBS building society to form a second pillar. Irish Life & Permanent will be restructured and forced to sell its lucrative pensions division Irish Life.

“This radical restructuring of the banking system is designed to put the banking system on a firm footing for the future and break the bonds with our toxic banking past,” Mr Noonan told the Dáil this evening.

He also indicated the Government would seek “significant contributions” from subordinated bondholders in the
banks to pay for the cost of recapitalising the sector.

The €24 billion recapitalisation figure for the banking system was determined by the Central Bank’s long-awaited stress tests on the banks.

The extra capital requirements means the State will need substantially more of the €35 billion earmarked for the banks under the EU/IMF bailout deal than previously envisaged.

The stress tests, which gauged the banks’ ability to cope with unanticipated downturns in the economy, indicated AIB will need a further €13.3 billion to cope with future loan losses, the Central Bank said earlier.

Bank of Ireland, which is already 36 per cent State-owned, will require a further €5.2 billion while Irish Life and Permanent will need a further €4 billion, bringing both lenders into majority Government ownership for the first time.

EBS will require about €1.5 billion and is now expected to be merged with AIB. Anglo Irish Bank and Irish Nationwide were not tested as they are to be run down over time.

Central Bank governor Patrick Honohan said the intensive nature of the tests were designed to respond to ”market scepticism” about the Irish banks. He said a pre-requisite for banks to return to normal is that they have capital to meet even the markets “gloomy prognostications”.

“This is what we regard as an adverse and unlikely scenario but we don’t expect it to be this bad.”

Prof Honohan warned against imposing losses on banks’ senior bondholders without the agreement of other EU states. “Unilateral action would not be a net gain for Ireland,” he said at the briefing in Dublin.

Share trading in BoI and AIB was temporarily suspended today, pending the stress test results and any subsequent related announcements by the banks.

The Central Bank sought the suspension “to avoid the possibility of a disorderly market due to the circulation of information or rumours during the day”.

“The upshot of the increased scrutiny, oversight, forecast conservatism and loan-deposit timetable is that the holes to be filled in the Irish banking system will swallow the entire €35 billion,” Brian Devine, chief economist at NCB Stockbrokers said.

Minister for Finance Michael Noonan has today proposed a ground-breaking restructuring of Irish banks, which he said would “break the bonds with our toxic banking past.”

The announcement came shortly after the publication of banking stress tests results which show that a further €24billion in recapitalisation is required for Irish banks.

Speaking in the Dáil this afternoon, Mr Noonan outlined a plan which includes the creation of two “universal service” banks, one of which would be formed from a merger between AIB and EBS.

The Minister also said that Irish Life and Permanent would “in all likelihood” cede majority control to the Government and will be forced to sell its Irish Life Assurance and its life and pensions business.

Making his announcement, Mr Noonan said the radical restructuring of the country’s banks was designed to return the banking system to long-term viability and profitability.

“Our banks will need to be smaller, more focussed on core operations, better funded and better capitalised,” he said.

Mr Noonan said the capital injections announced today would be provided to create a banking system that has two universal full-service banks as its core pillars and a restructured Irish Life and Permanent.

“The first Pillar banks will be created from the already strong franchise of Bank of Ireland and it is our intention to combine the businesses and strengthen the franchises of Allied Irish Bank and the EBS Building Society to form the second Pillar bank.

“Each of these banks will reorganise their operations into core and non-core functions. With a carefully managed programme of deleveraging, by 2013, as the non-core assets which do not serve growth on the island of Ireland disappear, the Pillar banks should start to better serve the economy as functioning banks rather than the oversized, overleveraged banks they now are.”

The Minister said the banks’ non-core businesses and assets would be sold or run off over time to avoid fire-sales.

“This will allow for a significant reduction of the level of assets relative to deposits over time. With these sales, recapitalisations and other measures the banks will repay their ECB and Central Bank funding and in time will be better able to raise their own funds,” he said.

Mr Noonan said BoI would be split into separately managed non-core and core divisions and in doing so would shed €30 billion of assets by 2013. The institution will be more domestically focused and retain its businesses in Northern Ireland, its Post Office deposit venture in the United Kingdom and limited capital markets businesses.

A merger between AIB and EBS will also lead to a largely domesticated bank which will retain its Northern Ireland operations and certain deposit funded operations in the UK. The non-core division of the combined entity will see deleveraging of €23 billion of assets by 2013.

The Minister confirmed that Irish Life & Permanent is expected to cede majority control to the State and will sell its Irish Life Assurance and its life and pensions business.

The Minister said that no additional capital for Anglo Irish or Nationwide is currently needed but said a decision will be taken in May to see whether more is required then.

Mr Noonan said the taxpayer should not be solely responsible for solving the banking crisis and said the Government would seek “direct contributions to solving the capital issues of the banking system by requiring further significant contributions from other sources including from subordinated debt holders, by the sale of assets to generate capital and where possible by seeking private sector investors.”

The Minister also announced measures to strengthen and enhance the capacity of the Department of Finance in the area of banking policy.

“It is essential that the Department of Finance has the appropriate policy responsibilities and financial market and banking expertise to be able to advise Government on potential systemic threats and on measures to address and mitigate these.”

Mr Noonan said the Government was committed to the EU-IMF programme agreed last November despite wishing to change aspects of it.

“I want to be clear, too, for the benefit of our people and of market participants, that we are committed to the EU-IMF programme. We have issues that we wish to raise and changes that we need to make in the context of ensuring growth and recovery in the Irish economy. But we will respect the overall fiscal parameters of the programme and where adjustments to the programme affect these, we will make appropriate offsetting adjustments.”


Now I want to be clear,

 this is not what the Irish public voted this crowd into office for.

“Not one cent more” was the cry and now these same people are now looking to pump 24,000,000,000:00 Euros more into these self same toxic banks. In the entire announcement there is no mention of the derivates losses that are still been hidden be the two banks Allied Irish Bank and Bank of Ireland.

There is no mention as to the status of current derivative trades and likely losses why?

Well firstly these losses are been hidden in their offshore branches in the IFSC and they would appear that they are not subjected to any regulation, as the Irish central Bank says it is the ECB’s job to regulate these banks but the ECB says its the Irish Central Bank ‘s job  so in the meantime nobody is regulating and so the Boys in Allied Irish bank and Bank of Ireland have the best place to hide such losses and possibly also hold on deposit vast sums of hot money from around the world .

The economy is not likely to generate any serious jobs growth in the next three years as we are now more than likely going to have to endure even harsher budgets to come up with the funds to pay off the interest on these lost billions. More and more people will be losing their jobs and emigration is just getting started and home prices are heading down at least another 30 % from here.  The new government are fast abandoning promises to the voters of Ireland and we are left with the question what it all was for the good ship Ireland is still maintaining the course set by the previous despots and traitors who promised us that this bailout would be the cheapest in history! Nama is now turning out to be the mother of all Quangos and its jobs and Jobs for the well connected around town .The new government must get their finger out and start delivering on promises and the first one is not one cent more for the Banks period!

when are going to see these gangsters from the Banks go to jail???

Mountaineering Ireland Newsletter


sent is to us

by Robert Eastwood

March/Apr 2011
Mountaineering Ireland E-zine

 This month’s photograph is submitted by David Bourke, Knocknarea, Co. Sligo captures a hillwalker on Ben Baun.
To contribute photographs to the MI online gallery or to the Irish Mountain Log please email your images to media@mountaineering.ie.


Women – this is for you!
Mountaineering Ireland is hosting a women’s weekend, Women With Altitude, 8-10 April at Tollymore Outdoor Centre in the Mournes. The event is open to women and girls of all ages and all levels of ability, check out the event website – www.WomenWithAltitude.ie. Book onto the event and you can participate in an exciting programme of workshops and activities or do your own thing during the day and come along to Tollymore later for food, slide shows and craic.
It’s just been confirmed that Heather Morning, Mountain Safety Adviser with the Mountaineering Council of Scotland, and one of the women behind the very successful Chicks Unleashed programme, will be joining us for the weekend. Clare Sheridan, Ireland’s most highly regarded female climber, and an inspirational speaker, will be the guest speaker on Saturday night.
A super programme, a positive and supportive all-female environment, the delights of the Mournes and the very impressive new Tollymore building, provide all the ingredients for a fantastic and worthwhile weekend. Book now while there are still spaces available!

Live press conference: Publication of Capital and Liquidity Results by the Central Bank of Ireland 31/03/2011 16:30

The press conference will be available to view live online from 4.30pm.

 video here link

All wars are based on deception

sent in today

A very heated interview between trends master Gerald Celente and the Al Jazeera chief correspondent in Washington Abderrahim Foukara about the war in Libya , should we interfere in this inter Libyan conflict or should we just leave it to the so called Arab league , and if we have to interfere in Libya to save civilians from the dictator Ghaddafi then why not Yemen Sudan Ivory Cost Bahrain etc…is it because of Oil , knowing that Libya has one of the best Crude Oil‘s in the market , is it about freedom and liberty or is it about the bottom line as Gerald Celente calls it : OIL and control of the resources , had the major export of Libya been broccoli would have we been there fighting this war ??? what’s in it for the American people , we can’t fix Detroit we are broke and yet we are worldwide spreading democracy , do we have enough democracy in this country to export or should we import democracy

Not “one red cent” Mr.Kenny!

The government says it will not put “one red cent” more into the banks until we know the size of the overall requirement.

By namawinelake |

 The expression “one red cent” is gaining a lot of currency here in recent times. The origin of the expression is said to be the copper-ish red colour of the lowest unit of currency, the cent, in the US in the early 19th century and is used to betoken the smallest sum of money possible – to not pay “one red cent” means to pay nothing. Not only did Denis O’Brien unconvincingly – in the sense that most respondents to an opinion poll published in last weekend’s Irish Independent, didn’t believe him – claim that he had not paid former Minister Michael Lowry a “red cent” in return for favours in awarding a mobile telephone licence in 1995, but it was only a month ago when then-Opposition parties were eager to tell us that they would not be putting “another red cent” into Irish banks until the results of the stress tests became known in March.
Well, here we are one month later, and the stress test results will be published tomorrow but as this is Ireland, we seem to have had a healthy dose of leaks already which has caused Irish Life and Permanent to suspend trading of its shares until 1st April and the consensus is that the stress tests will indicate that a further €20bn will be needed by the banks to meet stringent capital requirements. This is €15bn less than the €35bn allotted to resolving our banking difficulties in the EU/IMF bailout, though it’s not clear which contributor to the bailout – EFSF/EFSM/IMF/domestic resources – will see a reduction in their contribution. However if the additional cost of capitalising the banks is put at €20bn then that will still mean that the cumulative bank bill will rise to €66-71bn. The table below is from the Department of Finance last September 2010 and shows the commitments at that time.
Anglo was to have cost us €29-34bn and unless we get an update on Anglo’s needs tomorrow (remember the stress tests didn’t touch Anglo or INBS) then we will probably have a range of values tomorrow also.
So what next? Will the stress tests be debated in the Dail and will options be explored including default? Will the Coalition simply stump up the €20bn without debate? Is it imperative that we act on the results of the stress tests immediately or have we the freedom to ponder our options over the coming weeks? Is now the time to re-open the “burning the bondholders” debate
– remember this was the bondholder position in Irish banks in February 2011, although there has been a massive redemption of bonds since the guarantee in September, 2008 there are still substantial sums that can, theoretically, be burned. Here are a few scenarios for the next few days.
(1) The government tells our bailout partners, particularly the ECB, that when we accepted the bailout in November 2010, the understanding was that the maximum additional sum required for the banks would be €10bn – after all, that is what one of the key negotiators, Central Bank of Ireland, Patrick Honohan was saying – and now that it is €10bn more, this is an appropriate time to discuss burden sharing. Might the ECB be supportive of burning the €16bn of unsecured unguaranteed senior bonds, maybe by paying them 50c in the euro.
(2) The government accepts the €20bn additional cost for bailing out the banks, but requires the ECB “medium term” facility to be set at €190bn, not €60bn. In that way, Irish banks will have a strategic certainty which they presently don’t have – the ECB, which is providing exceptional liquidity support, might unilaterally pull the plug. No country should allow its banking system to operate on this hand-to-mouth basis, especially since the “hand” is the ECB and beyond the nation’s control.
(3) The government accepts the €20bn additional cost for bailing out the banks but requires the EU to provide its element of the bailout at a cost interest rate, that is 2.8%. The 3% saving would amount to some €10bn in interest savings over 10 years. Given the Irish nation is taking on 100% of the banks’ liabilities, including those to shaky banks in Germany, France and the UK, then the least that can be done is to provide these funds at cost.
(4) The government accepts the €20bn additional cost and seeks a stimulus grant from the EU to allow our economy to grow so that the debt can be repaid and we don’t default. The stimulus might be used to fund capital programmes in broadband and communications, energy, transport, education, health, security including prisons. It happened before in the 1990s. Surely we now need it more than ever.
(5) The government accepts the €20bn additional cost but seeks an extension of the term over which the EU loans can be repaid. If the EU element of the bailout has to be repaid by 2018 and repayments start in 2015 then that means we need find €10bn per annum which might still be costly to secure from the market.
(6) The government chooses the nuclear option and takes the position that not only is the additional €20bn not sustainable but the €35bn of promissory notes already created last year for Anglo and INBS will not be honoured. The government disowns the guarantee, perhaps justifying itself on the basis that the guarantee was founded on incorrect information. A bank resolution process is put in place which protects depositors to €100,000 or €20,000 and beyond that, the banks are wound down as would normal commercial companies. No-one realistically believes the nuclear option will be pursued but it should surely be made clear that it is an option.
I have a feeling that tomorrow’s stress test results will be a bit of an anti-climax but regardless we are likely to have an official point estimate of the “final” cost of rescuing the banking system and the moment of truth will have arrived for our new government. sourceURL: http://wp.me/pNlCf-1da


Not only do I expect this Government to brake this promise I would also expect that they will add another corrupt toxic bank (Irish Life and Permanent )on the list of banks the taxpayers of this country will be lumbered with. This corrupt Financial insider trading institution has been fleecing its own customers out of millions in a hopeless attempt to fill the black hole at the centre of its toxic bank and at the same time Directors who are responsible for the worst financial meltdown of this state have continued to benefit from the perks of their lottery salaries and pension entitlements. So far this new government has done nothing to rectify this criminal activity and are turning a blind eye to this outrageous exploration of all Irish bank customers. It would appear that the new government is content in allowing the Irish banks to exploit their own customers in attempting to top up their diminishing deposits. Instead of shoring up these toxic brands, the new government should immeadely wash its hands of these criminal intuitions and start afresh with one new commercial bank. It certainly would be the cheaper option .I personally wouldn’t trust any one of the current Irish banks, they are damaged goods and thrust is long gone .Close them down now!  I am holding the Government to their promise “Not One Red Cent”

Libya: demand Eman al-Obeidy’s immediate release

sent to me by Nessa Childers MEP
 MEPs urge High Representative Ashton

Human rights − 29-03-2011 – 12:48
Committee: Security and Defence

“The brutal way in which Ms Eman al-Obeidy was prevented from recounting her story to foreign journalists, pushed into a car and driven to an unknown location, is outrageous. Eman al-Obeidy must be immediately freed and her release must be verified by independent sources”, said standing rapporteur on the EU-Libya framework agreement Ana Gomes (S&D, PT).
“I admire the courage of this woman to speak out loud despite the risks. The EU cannot let her go missing. This case is emblematic of the situation of dissident women in Libya“, added Ms Gomes, stressing that “respect for women’s rights must be a crucial pillar in the construction of a new democratic Libyan state”.
Ms al-Obeidy said that she had been arrested at a checkpoint in Tripoli because she was from the city of Benghazi, the bastion of the insurgency against Muammar Gaddafi’s rule, and had been raped by 15 men and tortured whilst detained for two days. She was badly bruised.
The letter to High Representative Ashton was signed by Ms Gomes, Women’s Rights and Gender Equality Committee Chair Eva-Britt Svensson (GUE-NGL, SE), and Human Rights Sub-Committee Chair Heidi Hautala (Greens/EFA, FI). 


Keiser Armed: Pirates of Digital Age (E133)

Mrs Eman al-Obeidy (up-date)

To the Irish members of  the European parliament .

Nessa Childers – Labour
Gay Mitchell – Fine Gael
Proinsias de Rossa – Labour
Joe Higgins – Socialist Party
Mairead McGuinness – Fine Gael
Liam Aylward – Fianna Fáil
Brian Crowley – Fianna Fáil
Sean Kelly – Fine Gael
Alan Kelly – Labour
Marian Harkin – Independent
Jim Higgins – Fine Gael
Pat “the Cope” Gallagher – Fianna Fáil
Dear Ladies and Gentlemen.
I call upon you to take up the cause of Mrs Eman al-Obeidy who was prevented from recounting her story of rape to foreign journalists in Tripoli’s Rixos Hotel. On 26 March she had been gang-raped and beaten by pro-Gaddaffi militiamen, but before she could tell the world of her ordeal she was seized by security men and pushed into a car, and driven to an unknown location, this is outrageous treatment of a victim of gang rape. Mrs Eman al-Obeidy must be immediately freed and her release must be verified by independent sources” her security must be guaranteed and the perpetrators must be brought to justice!
Please support this call and keep insisting that fundamental human rights are observed in Libya.
Mise le mass
Thomas Clarke

Reply from Nessa Childers

Dear Mr.Clarke,
Thank you for your email.
I also saw the pictures of what happened to Ms.Eman al-Obeidy and watched with horror. I will raise this with the office of the High Rep for Foreign Affairs, Ms.Cathy Ashton. Whatever happens in Libia, this is unacceptable and must be taken up by the authorities.
I will let you know of the response from Ms.Ashton.
Nessa Childers MEP
European Parliament
60, Rue Wiertz
B-1047 Brussels

Well done to Nessa Childres for your prompt reply and suport

latest from Reuters source:http://www.irishtimes.com/newspaper/breaking/2011/0329/breaking4.html?via=mr

Libyan woman sued by alleged attackers.
Women hold a picture of Eman al-Obaidi during a protest in Benghazi. Ms al-Obaidi pleaded with journalists for help on Saturday saying she had been raped by pro-Gadafy militiamen. Photograph: Reuters.
Women hold a picture of Eman al-Obaidi during a protest in Benghazi. Ms al-Obaidi pleaded with journalists for help on Saturday saying she had been raped by pro-Gadafy militiamen. Photograph: Reuters.
A Libyan woman who said she had been raped by pro-government militiamen is being sued for slander for naming her alleged attackers.

Government spokesman Mussa Ibrahim said the woman, Eman al-Obaidi, faced court action because she had publicly named the men she accused of raping her.

“In Islam this is very serious when you accuse someone of a sexual crime,” said Mr Ibrahim.

“She named the accused publicly and they are suing her.”

Ms Obaidi burst into a hotel full of foreign journalists in Tripoli on Saturday and told them, weeping, that she had been held for two days and raped by 15 militiamen loyal to Libyan leader Muammar Gadafy.

After being intimidated and subdued by security men and hotel staff, who also beat journalists trying to interview her in the hotel restaurant, Ms Obaidi was bundled into a car and driven away.

Her allegations have not been independently verified. The government said on Sunday that Ms Obaidi had been released and she was with her family.

Ms Obaidi’s mother said she had been asked to convince her daughter to retract the allegations in return for her freedom and cash or a new home.

Her mother, Aisha Ahmad, told journalists she had been contacted by the authorities about her daughter and how she could be freed.

“Last night they called from Gadafy’s compound and asked me to convince my daughter Eman to change what she said, and we will set her free immediately and you can take anything you and your children would ask for,” she said, according to Britain’s Sky News, which broadcast her interview with an English translation late last night.


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