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News > International
American? Look elsewhere
September 23, 2000: 9:07 a.m. ET

Illegal to spend at Libyan-owned hotel adjacent to IMF meetings
By Heather Bourbeau
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PRAGUE, Czech Republic (CNNfn) - The allure of the forbidden is noticeably absent from the Café Praha, located in the Corinthian Towers lobby. But just one coffee there could be enough to land Americans in jail for years.

Less than 200 feet away, the Towers offer the closest refuge from the lengthy discussions and bureaucratic culture of this week's IMF-World Bank meetings. Conscientious Americans, however, must refresh themselves on someone else's bill or face a $250,000 fine and up to 10 years in jail. The Towers, part of the Maltese-based Corinthia Group, violate U.S. sanctions. Libyan investors have a 48 percent controlling interest in the hotel chain.

graphicPrior to this week's meetings, the U.S. Embassy in Prague issued a statement warning Americans that "they should treat the Corinthia Towers as properties owned and/or controlled by the Government of Libya. Financial transactions with those establishments, including payment for lodging, drinks, and meals, are prohibited by U.S. law."

Yet nothing in the hotel belies its "Libyan-ness", and if an unsuspecting American had not read the Embassy's message, they might think they were in an unremarkable place. Inside the tall, reflecting tower, the décor, even the piped music, are in the style of upscale hotel chains around the world. The homogenization of the elite traveler.

This, more than anything discussed inside the congress center, is the great symbol of "globalization" that IMF Deputy Stanley Fischer lauds and certain protesters despise. Here is a Maltese-based, partly Libyan-owned hotel offering French and U.S. newspapers, catering dinners hosted by British Finance Minister Gordon Brown and conferences by German banks, all with workers from the Czech Republic speaking beautiful English.

Ban 'hasn't hurt business'


Nowhere is there a sign warning Americans. Doormen, who, along with the beefed up city police, check IMF badges and hotel keys, do not tell Americans that they may be in flagrant violation of U.S. laws if they buy anything inside. Though, when asked, all staff members will say, with a smile, that they are aware of the U.S. ban.

graphicHotel staff say business has not suffered, and confide that Americans may have bought drinks at the bar or even spent the night.

Other United Nations countries have ended their penalties against Libya since the Libyan government's cooperation in the trial of two of its nationals in connection with the Pam Am crash over Lockerbie, Scotland in 1988. The U.S. maintains sanctions against Libya through its Office Foreign Assets Control in the U.S. Department of Treasury.

Defiant Americans might have the wind taken out of their sails if they wish to take a political stand - Czech authorities cannot arrest or prosecute offenders. Besides no one at the hotel appears to be keeping tabs on the nationality of its customers. Back to top

--Heather Bourbeau is a freelance reporter for CNNfn.com

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Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.