Tracking Gaddafi’s Billions, by Ambassador mo
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These were Libya’s billions, estimated over $160 billion, although Colonel Gaddafi and family dealt with such monies as their own. This may take some time to unwind, potential years in cases were monies have been concealed by Gaddafi and family. The process already technically was started by UN Security Council Resolutions(s) as 1971 early 2011 which established sanctions and a “sanctions committee” to identify and review such. (See FILM REPORT – “Libya Sanctions” – UN Security Council - diplomaticallyincorrect.org/films/movie/libyasanctions-un-security-council-debate/25097 )BOTTOM PHOTO, an oblivious Colonel Muammar Gaddafi standing in front of the UN Security Council -between US and UK flags- which would adopt resolutions that came to be the beginning of his end. Reports include substantial investments in some of the globe’s most prominent companies in sums of $250 million to billion including Italy’s prominent bank Unicredit and largest energy/petroleum company Eni. Others include Goldman Sachs, Siemens, Pearsons PLC, JP Morgan, HSBC (Bank), Home Depot and General Electric. Because of the interest that shares controlled, at least in some instances such investments in their corporations had to be known to management. However, it should be noted that in 2010 Libya and Gaddafi had been removed from all or most sanctions related to previous “terrorist” activities, and Gaddafi’s regime was treated as an ally, or at least economic partner, by governments from Washington to London to Moscow to Beijing. In its “war on terror” Washington had employed Libya’s abusive security forces as rendition destination and interrogator. (READ – “CIA & Mi6-Too Close to Gaddafi Security Services” - diplomaticallyincorrect.org/films/blog_post/cia-mi6-too-close-to-gaddafi-security-services-by-ambassador-mo/34964 ). Relevant regulators did not intervene and to the contrary encouraged US and/or European financial advisers to manage and direct Libya’s billions. This actually could make unraveling the investments a bit simpler, although in some instances such investments were also lost according to reports: (READ – “Goldman Sachs Loses $1.3 Billion Libya Assets?” - diplomaticallyincorrect.org/films/blog_post/goldman-sachs-loses-13-billion-of-libyan-sovereign-fund-by-ambassador-mo/28490 ) One point is certain, Libya is a rich country, with both oil and other financial reserves. Unlike most countries in the aftermath of revolution, rather than restarting the economy, Libya will face the challenges of wise as well as “good governance” to maximize for its citizens the benefit of its substantial wealth. It will also be interesting to see if Washington, London, Paris and/or NATO will deliver a bill for the new Government to pay for the last 7+ months of decisive military intervention. It should be noted that in all such capitals and institutions, the demise of Colonel Gaddafi’s regime is viewed as a windfall politically and in terms of future potential military commitments. Gaddafi’s downfall is viewed as a profitable exercise for the global democracies as Libya’s own people. LAST ARTICLE – “In Gaddafi’s Death No Virtue” - diplomaticallyincorrect.org/films/blog_post/in-gaddafis-death-no-virtue-by-ambassador-mo/36688 LAST FILM REPORT – “Gaddafi Remembered @ UN” - diplomaticallyincorrect.org/films/movie/gaddafi-rememberedun/28917 By Ambassador Muhamed Sacirbey Facebook Become a Fan at “Diplomatically Incorrect” or "BosniaTV" Twitter – Follow at DiplomaticallyX Related Reports – “War Crimes Justice” Channel - diplomaticallyincorrect.org/c/war-crimes-justice