South Africa to hand over hidden Gaddafi funds to Libya

by admin
Jun 13, 2013
South Africa has agreed to hand over Gaddafi's secret funds, believed to be worth almost £650m, to the Libyan government.

In a statement, South Africa's Treasury said:
"The Minister of Finance, Pravin Gordhan, has agreed with the Libyan government that the repatriation from South Africa of Libyan funds and assets will be handled in terms of United Nations (UN) protocols."

"The decision was informed by the fact that the government of Libya established a single body in 2012 to co-ordinate the repatriation of assets to Libya,"

“This body cooperates with the Committee formed in terms of the UN Security Council Resolution 1970 (2011) and the Panel of Experts which coordinates the orderly and transparent repatriation to Libya of assets frozen in various countries.”
See here and here.

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