June 14, 2013
By Ntsakisi Maswanganyi
...A PROCESS to identify and repatriate Libyan assets (click here) in South Africa, estimated at billions of rand, back to that country has been set in motion, the Treasury said on Thursday, confirming earlier speculation that the late Libyan dictator Muammar Gaddafi may have hidden assets in the country.
Initial reports were that Libyan money had been committed to local property projects, including the Michelangelo Hotel in Sandton.
Libyan state assets were estimated at more than $1bn in cash, gold and diamonds held by four banks and two security companies in South Africa.
Gaddafi was believed to have stashed $80bn in assets around the world....
By Ntsakisi Maswanganyi
...A PROCESS to identify and repatriate Libyan assets (click here) in South Africa, estimated at billions of rand, back to that country has been set in motion, the Treasury said on Thursday, confirming earlier speculation that the late Libyan dictator Muammar Gaddafi may have hidden assets in the country.
Initial reports were that Libyan money had been committed to local property projects, including the Michelangelo Hotel in Sandton.
Libyan state assets were estimated at more than $1bn in cash, gold and diamonds held by four banks and two security companies in South Africa.
Gaddafi was believed to have stashed $80bn in assets around the world....
