Libyan money in UAE could end up in Saif Gaddafi’s hands, report

Son of slain Libyan leader Muammar Gaddafi, Saif al-Islam Gaddafi (Photo: AFP)

The Sunday Times reported investigators following up the case of Libyan smuggled money abroad as saying that about 30 billion dollars out of 50 billion in the United Arab Emirates could end up going to Saif Al-Islam Gaddafi – the recently released son of late dictator Muamar Gaddafi.

According to the report of the British newspaper, there is no evidence that the UAE has executed the decision to freeze those Libyan assets.

“Big sums of money are in the UAE, Saudi Arabia and other Gulf States.” The newspaper says.

The United Nations Security Council froze in 2011 the assets of Gaddafi family, however; the UN explained this month that it had opened an investigation into dubious transactions related to bank accounts for people close to Gaddafi and the ex-regime.

Most of those accounts under investigation are in the UAE, the Sunday Times says.

Saif Al-Islam Gaddafi has been released from prison about over ten days ago by the Zintan-based Abu Bakr Al-Siddiq Brigade, which had been holding him for over 6 years, citing the amnesty law issued by eastern government and parliament in Libya.

The views expressed in Op-Ed pieces are those of the author and do not purport to reflect the opinions or views of Libyan Express.
How to submit an Op-Ed: Libyan Express accepts opinion articles on a wide range of topics. Submissions may be sent to oped@libyanexpress.com. Please include ‘Op-Ed’ in the subject line.
Azara Media Azara Media
You might also like

Submit a Correction

For: Libyan money in UAE could end up in Saif Gaddafi’s hands, report

Your suggestion have been successfully submitted

There was an error while trying to send your request. Please try again.

Libyan Express will use the information you provide on this form to be in touch with you and to provide updates and marketing.