Gaddafi assets in South Africa

There are currently investigations into Muammar Gaddafi, the ex-Libyan leader, and his family about assets worth roughly $1 billion stashed in South Africa. Libyan government has asked for help in retrieving diamonds, gold and cash to the country. It is believed that the assets were being held in four different banks and security companies in South Africa. There have been estimated that Muammar Gaddafi’s foreign assets are roughly worth $80 billion. In October 20011 Gaddafi was killed and any asset that belonged to him or his family is said to belong to the Libyans and should be returned. A Libyan official had said “officials have been appointed to investigate and secure assets in Africa on behalf of the people of Libya. Libya’s justice and finance ministers have been talking to the South African government about how Gaddafi had “possessed, obtained, looted, deposited or hidden” many of his assets illegally. Libyan investigators are currently meeting with South Africa’s President Jacob Zuma to talk about how they are going to locate and return the money.

http://www.bbc.co.uk/news/world-africa-22745618