Moammar Kadafi secretly salted away more than $200 billion in bank accounts, real estate and corporate investments around the world before he was killed, about $30,000 for every Libyan citizen and double the amount that Western governments previously had suspected, according to senior Libyan officials.
The new estimates of the deposed dictator’s hidden cash, gold reserves and investments are “staggering,” one person who has studied detailed records of the asset search said Friday. “No one truly appreciated the scope of it.”…
The new $200 billion figure is about double the prewar annual economic output of Libya, which has the largest proven oil reserves in Africa.
Officials of the transitional government point to the secret transfer of so much wealth as proof that Kadafi, who once gave himself the title “King of Kings,” had imperial ambitions for himself but little concern for most Libyans.
Kadafi was sending vast sums abroad “at a time when Libyans were struggling for the money they needed for schools, hospitals and all sorts of infrastructure,” said one person close to the council, who spoke on condition of anonymity because the investigations are ongoing.
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