Qaddafi secretly stashed over $200 billion out of Libya: report

Indoor and outdoor pools, huge, expensive furniture and objects including this luxury couch made of gold, are all symbols of opulence and power enjoyed by Muammar Qaddafi’s family. (File Photo)

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By AFP
Washington

The slain Libyan leader Muammar Qaddafi secretly spirited out of Libya and invested overseas more than $200 billion − double the amount that Western governments previously had suspected, The Los Angeles Times reported late Friday.

Citing unnamed senior Libyan officials, the newspaper said U.S. administration officials were stunned last spring when they found $37 billion in Libyan regime accounts and investments in the United States.

They quickly froze the assets before Qaddafi or his aides could move them, the report said.

Governments in France, Italy, England and Germany seized control of another $30 billion or so.
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