Who has Gaddafi's billion remaining wealth

Who has Gaddafi's billion remaining wealth

Where did Gaddafi's treasure end? No one knows exactly, but nobody knows what the amount is, even though the figure of a huge fortune goes around, like 200 billion dollars. Of that money, since 2011, the year of the Libyan leader's death has no concrete traces, but only [...]

Where did Gaddafi's treasure end? No one knows exactly, but nobody knows what the amount is, even though the figure of a huge fortune goes around, like 200 billion dollars.

Of that money, since 2011, the year of the Libyan leader's death has no concrete traces, but only ghost shows.

There are those who say they are hiding in vaults scattered across Africa, some say it has partly fallen into Isis's hands, some say it is at least partially in Dubai, after passing through London and Italy.

Last year a major investigation by “was published Süddeausche Zeitung”, citing Panama Papers, which contained evidence that most of this money, at least those found in the sovereign fund founded by Gaddafi himself in 2006, LIA (Libya Africa Investment) had been invested in oil funds around Africa in order to allow their circulation. Wealth is thought to be about 60 billion.
Exactly the Libyan sovereign fund (which should be highlighted is present at around 500 companies, including Italian companies, where over the years it has invested about 3 billion in boards of numerous companies like Eni, Enel, Uniredit, Finmeccanica, Fiat-Chrisler, Juventus etc), at the centre of a considerable study published on the Polytico site.

The text contains evidence that although the liquid assets of the fund have been frozen pending stabilisation of the political situation in Libya (within 2018, elections have been scheduled, which according to the UN must appease the country, currently divided into two controversial regions, and led by different governments, one with the capital of Tripoli and the other with the capital of Tobrück, in fact they continue to circulate.
One hypothesis, which is that Libyan money is still in circulation even though it results in frozen, reinforced by the recent investigation by Politico, which has collected evidence of the fact that the sovereign fund LIA distributes undisturbed shareholders, revenues from obligations and interest payments. “Twenty-six years after Gaddafi's death, the regime's frozen funds in Brussels are generating tens of millions of Euros in interest, despite international sanctions”.

At this point, there is another question that should be answered. Who collects this money? Who benefits from money that, in theory and practice, belongs to the Libyan people and that, pending the country's having a government, should be frozen?

The question remains unanswered because the money route is overshadowed by secret agreements and the silent responses of managers and lawyers.
All they know is they take over Luxembourg, and then nothing more. Just other unanswered questions.

 

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