‘Gaddafi, family possess wealth “in excess of 20 billion dollars”‘
February 26th, 2011 - 3:10 pm ICT by ANIBerne, Feb 26 (ANI): Colonel Muammar Gaddafi, the Libyan leader who has ruled the country for over 40 years, and his family possess wealth “in excess of 20 billion dollars,” an intelligence source has said.
“With all those revenues flowing through the national government, through the treasury, it’s pretty easy to tap those revenues for various purposes,” CBS News quoted Raymond Baker, Director of the Global Financial Integrity, as saying.
The Swiss government has already ordered a freeze on the assets belonging to Gaddafi in that country.
Earlier, Wikileaks had quoted a January 2010 State Department cable written by current ambassador Gene Cretz, as saying that Qaddafi’s regime controls 32 billion dollars in liquid assets around the world, adding that “several American banks are each managing 300-500 million dollars” in regime funds, the report said.
“I remember interviewing the Director of the Central Bank at one point who admitted that quite frankly, he had no idea for some years what money went where, and under what circumstances,” said Dirk Vandewalle, author of “A History of Modern Libya” had claimed. (ANI)
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- UK set to seize Gaddafi's billions in London - Feb 25, 2011
- US slaps further sanctions on Libyan firms - Jun 22, 2011
- UK freezes Libyan security chiefs' assets to pressurise Gaddafi to step down - Mar 04, 2011
- Qaddafi has "lost legitimacy to rule" and should step down 'now': Obama - Feb 27, 2011
- Britain foils plan to export 1 bn pounds in Libyan banknotes - Feb 28, 2011
- Canada sanctions freeze Gaddafi's millions in its banks - Feb 28, 2011
- US lifts most sanctions against Libya - Dec 17, 2011
- Italy may freeze 3.6 bn euros of Libyan assets - Mar 02, 2011
- Libya owns assets in 35 countries - Mar 03, 2011
- NATO urged to adopt Gaddafi's assassination policy - Apr 25, 2011
- Japan freezes $4.4 bn worth of Gaddafi regime assets - Jun 04, 2011
- WikiLeaks cables detail Qaddafi clan's extravagant exploits - Feb 23, 2011
- Gaddafi controlled companies still operating in UK despite sanctions - Apr 17, 2011
- US envoy to UN warns of 'humanitarian crisis' in Libya - Mar 02, 2011
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