Friday, April 15, 2011

Using Gadhafi's Frozen Bank Accounts To Fund The War Against Him



Arabs, West Plan To Fund Libyan Rebels, Possibly From Gadhafi’s Accounts -- Washington Times

Talks in Qatar center around arms, finances.

Western and Arab leaders Wednesday agreed to provide ragtag Libyan rebels with "material support" and funds, possibly from Col. Moammar Gadhafi's frozen foreign bank accounts, as they escalated international pressure on the Libyan dictator to relinquish power.

They did not specify the type of material support they planned to offer, but several officials meeting in the Gulf nation of Qatar said some countries individually are considering arming the rebels.

The Libyan Contact Group, meeting for the first time, also demanded that Col. Gadhafi step down.

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My Comment: Such a move will be unprecedented, and if Gadhafi should win and regain control of the country, the impact will also be unprecedented with lawyers and accountants fighting in the courts (probably for years) through lawsuits and other legal measures to get this money back. As for the Libyan rebels .... they need money NOW.

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