Gaddafi billions held in SA - report

2013-06-02 14:37


Multimedia   ·   User Galleries   ·   News in Pictures Send us your pictures  ·  Send us your stories

Johannesburg - Assets worth billions belonging to slain Libyan dictator Muammar Gaddafi are thought to be held by South African banks, the Sunday Times reported.

"National Treasury was approached by a group claiming to be representatives of the Libyan government," Finance Minister Pravin Gordhan's spokesperson Jabulani Sikhakhane told the newspaper.

It reported that Libyan investigators had found evidence that more than $1bn (about R10bn) in cash, gold and diamonds was being held by four South African banks and two local security companies.

"The process of verifying the group's claim is under way," said Sikhakhane.

Libyan embassy official Salah Marghani told the Sunday Times investigators had "been appointed to investigate and secure assets in Africa on behalf of the people of Libya".

The Sunday Times published extracts of letters from Libya's justice and finance ministers to their South African counterparts, asking for help finding assets linked to Gaddafi which might "have been illegally possessed, obtained, looted, deposited or hidden in South Africa".

Gaddafi was executed in 2011 after a political uprising in Libya.

Join the conversation! encourages commentary submitted via MyNews24. Contributions of 200 words or more will be considered for publication.

We reserve editorial discretion to decide what will be published.
Read our comments policy for guidelines on contributions.
Read more on:    pravin gordhan  |  muammar gaddafi  |  libya
NEXT ON NEWS24X publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
Comments have been closed for this article.

Inside News24


Rugby World Cup 2015

All the action from the 2015 RWC, including live coverage of all 48 matches, breaking news, fixtures, results, logs - and much more!


Rugby World Cup 2015

De Allende's star burns bright
Boks were 'in a dark space'
Pacific island teams singled out for rough tactics?
Ireland favourites but France bullish
Traffic Alerts

Passion is the name of the game. Love is not an intellectual study, but an experience from heart level. You have the tendency more

There are new stories on the homepage. Click here to see them.


Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire network.


Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.