Tuesday, August 23, 2011

Where Are Gaddafi's Billions?

Muammar Gaddafi

The Hunt Is On For Qadhafi's Billions -- Politico

As Muammar Qadhafi’s 42-year hold on Libya comes to an end, new questions are being raised about how much he stole from the country — some estimates put the figure in the hundreds of billions of dollars — and whether the riches can be recovered.

“We’re talking in the range of $240 billion to $250 billion,” Dr. Mansour El-Kikhia, the chairman of the Department of Political Science at the University of Texas at San Antonio, told POLITICO.

Some evidence suggests the amount could be far lower, but still staggering. A leaked diplomatic cable that details a conversation between the Libyan Investment Authority and the U.S. Ambassador to Libya put the size of Qadhafi’s liquid assets at $32 billion.

Read more ....

My Comment:
These amounts are staggering .... and a good indication on how corrupt Libya became under this man's rule.

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