Posted on 02/24/2011 10:12:04 PM PST by bruinbirdman
Ministers have identified billions of pounds that Col Muammar Gaddafi and the Libyan regime have deposited in London.
The funds are expected to be seized within days. The Treasury is understood to have set up a unit to trace Col Gaddafi's assets in Britain, which are thought to include billions of dollars in bank accounts, commercial property and a £10 million mansion in London.
In total, the Libyan regime is said to have around £20 billion in liquid assets, mostly in London. These are expected to be frozen as part of an international effort to force the dictator from power. A Whitehall source said: "The first priority is to get British nationals out of Libya. But then we are ready to move in on Gaddafi's assets, the work is under way. This is definitely on the radar at the highest levels."
Col Gaddafi was yesterday accused of ordering the deaths of thousands of protesters, but he refused to surrender as Libya descended into civil war.
Meanwhile, the British Government struggled to assert its authority following a chaotic few days.
It faced further embarrassment, when Nick Clegg said he "forgot" he was supposed to be running the country in David Cameron's absence.
Deputy Prime Minister was also forced to cut short a holiday at his family villa in the Swiss ski resort of Davos to return to Britain for security meetings today. Mr Cameron was also due to return to Britain from the Gulf after being forced to apologise for the chaotic evacuation effort.
Hundreds of Britons were finally able to leave Libya in military planes and on a Royal Navy warship after several days stranded in the country. More than 350 British nationals had been rescued by last night.
Those returning to this country spoke of Libya
(Excerpt) Read more at telegraph.co.uk ...
Nothing like an uprising to help a third party pay for its government’s debts. (”Let no calamity go to waste.”)
Nothing like an uprising to help a third party pay for its government’s debts. (”Let no calamity go to waste.”)
seems like they could have done that years ago just as easily.
So..... he didn’t plan so well for retirement.
Interesting. Now governments can sieze people’s assets without trials or anything like that. This could have interesting implications.
Yeah — he should have invested in US Municipal Bonds. Or WI state bonds.
Screw England, they allowed the Lockerbie bomber to be sent back for oil contracts.
They can’t seize them, freeze yeah. Someone (’the people of Libya’) will be asking for that money in a few months.
Seems like a good idea to me... guarantee the safety of your people by holding his wealth. Why isn’t the Kenyan POTUS doing the same?
For all the platitudes, government...all governments...come down to two things...power and money. It is why they need to be limited.
They were afraid of another Lockerbie and another embassy sniper incident.
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I had the same thought.
And Col Gaddafi also served as paymaster and arms dealer to the IRA.
Libya gave the Provos weapons and explosives that were used over the years to kill hundreds of people and maim thousands more. In 1984, the Provos were militarily underarmed, underfunded and on their knees - then the rogue Libyan leader stepped in.
Sounds like you've seen my tax returns.
I hope they will someday return the trillions looted by Obama and his UAW/SEIU goons.
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