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| V for victory: Regime change protesters gesture from the top of an armoured vehicle in the eastern Libyan town of Shahat |
24th February 2011
By Liz Hazelton
Daily Mail (UK)
Colonel Gaddafi was yesterday desperately trying to safeguard his multi-billion pound fortune – including a large amount invested in Britain.
Sources in both London and Tripoli confirmed that the Libyan leader wants the cash for his family’s use, whether or not he is toppled.
‘Money set aside for Gaddafi and his nine children is in bank accounts and property across the world, and almost all of it comes from Libya’s enormous oil and energy wealth,’ said one.
‘The Gaddafis have hidden it away in a series of bank accounts in places like Dubai, meaning that even if they lose power they will technically be able to use it.’
Analysts have identified a gap of several billion dollars a year between government spending and the amount of money Libya generates from oil. It is thought that the surplus has been used to make Gaddafi and his children extremely wealthy.
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