Friday 14 June 2013

South Africa to return stolen Gaddaffi wealth to Libya.

South Africa will return the stolen wealth of Muammar Gaddaffi back to Libya, state officials said. Muammar Gaddafi, the deposed Libyan leader, operated many overseas accounts, that it was difficult to separate family wealth from the country’s wealth. The amount to be expatriated is a billion dollars,
which is thought to be a drop in the ocean for a country that had so much in foreign reserves. Currently, Libya is estimated to have foreign reserves of $65 billion, the second highest in Africa.

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