4 Killed in Mont Velan Avalanche; While One Still Missing: Police Sources

According to the latest reports from Valais police; 4 were killed out of total 11 missing in a Mont Velan avalanche on Saturday, reported earlier here.

Jean-Marie Bornet, Local police spokesman, said earlier that at least three of the dead were buried by the avalanche. But lately he confirmed told that death toll reached to four after another victim passed away in hospital; while one is still missing. 

The rescue operations were discontinued due to severe weather yesterday; which will be continued today subject to weather conditions.

The gloomy incident took place on Mont Velan, a towering 3,730-metre peak that overlaps the Swiss-Italian border. 

Switzerland's National Avalanche Centre had warned of a “considerable” risk of snow-slides in the region on Saturday.

Mont Velan avalanche swept away 11 people in Swiss-Italian border: Swiss News Agency reports

According to Swiss police reports; eleven people, most probably of French origin, were swept away by avalanche on Saturday near Switzerland’s southern border with Italy.

Later on Swiss News Agency reports that three of the victims were rescued after one of them managed to raise the alarm that prompted rescue operation in the area. Rest of them are still missing and rescue operations are underway. There’s no immediate information about the medical condition of rescued.

The gloomy incident took place on Mont Velan, a towering 3,730-metre peak that overlaps the Swiss-Italian border.

Switzerland's National Avalanche Centre had warned of a “considerable” risk of snow-slides in the region on Saturday.

Libya Unrest (Friday Updates): Col. Gaddafi Secretly Transferred £3 billion ($4.8 billion) From U.S. to U.K Before Freezing of Assets

LONDON -- With United States moving to freeze the assets of Col. Gaddafi in America; it was revealed that Libyan leader has already transferred secretly an amount of £3 billion ($4.8 billion) with one of London's private wealth managers last week in an attempt to protect his family's fortunes.  

U.S. President Barack Obama on Friday forced sanctions on Gaddafi’s government over a violent onslaught on demonstrators, in a clear attempt to further weaken the 42-year-long strongman's staggering rule.

President Obama exercised presidential power in an executive order, seizing assets and blocking any property in the U.S. belonging to Gaddafi or his children.

In a statement, Obama said the measures were specifically targeted against the Gaddafi government and not the material wealth of the Libyan people themselves.

The U.K. Treasury came forward in efforts to outline and freeze Gaddafi’s assets in Britain Friday, which are supposed to include billions of dollars in bank accounts, some commercial property and a $16-billion mansion in London.

The Swiss Government also instructed its banks on Friday to freeze any assets belonging to Gaddafi, issuing a comprehensive blocking order covering 29 people, including the dictator's wife and children, some of his wife's relatives and six officials of the regime.

Soccer Facing Betting Allegations - FIFA to Investigate

ZURICH, Switzerland – BBC reports that FIFA has decided to launch an investigation on account the alleged betting charges in the most recent friendly fixtures of Latvia-Bolivia and Estonia-Bulgaria in Turkey; which ended up with total seven goals all through penalties awarded by referees supervising the matches. 

The match between Bulgaria and Estonia was played Turkish resort of Antalya on Wednesday. 

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