Inside the High-Stakes Race to Recover Qaddafi’s Ill-Gotten Billions - News Summed Up

Inside the High-Stakes Race to Recover Qaddafi’s Ill-Gotten Billions


While the gruesome spectacle surrounding Qaddafi’s death had been preserved for posterity on viral video, little fuss was made over Ghanem’s. His operation involves tracing and helping to freeze, seize, and ultimately recover a mind-boggling array of assets: billions in bank accounts, bonds, cash, gold, and real estate as well as scores of rare antiquities. Upon the Libyan leader’s death in 2011, his meticulously crafted mechanism for stealing from his people—while often evading international sanctions—collapsed. “There were all of these people with intelligence, military, financial, and political backgrounds,” a veteran Libyan intelligence operative told me. “We have 58 properties in Paris alone—all Libyan assets.


Source: Libya Today June 09, 2022 22:16 UTC



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