Reply #47: Pythons, parties and offshore accounts: Life among Libya's elite [View All]

[tabatha]

Libya's rebels were yet to make the military breakthrough which would see his father swept from power but Hannibal al-Gaddafi was taking the precaution of reviewing his finances. There was a bank transfer for $14,999,920.82 (about £9.5m), another of $6,439,201.76, and a third, more modest one of $3,233,434.10. He was, one could assume, reassured about having enough put away for rainy days ahead.

The documents, with details of accounts in Paris, Panama and Tunis, were found by The Independent on a laptop belonging to the fourth son of Muammar Gaddafi, abandoned as he fled with his family from his mansion in Tripoli. The papers show the sheer extent of wealth Hannibal Gaddafi had accrued while working as a "consultant" to Libya's national shipping corporation. Many of the transactions involve Amen Bank and the North African International Bank, both based in the Tunisian capital, and the company Indotex SA based in Panama. Others go through a myriad of institutions before ending up at accounts at tax havens.

Hannibal Gaddafi, his wife Aline Skaf, a former model from Lebanon, and their two children have sought refuge in neighbouring Algeria along with other members of the Gaddafi family. The new Libyan government has demanded that Algiers send them back to face charges, including theft of state.

http://www.independent.co.uk/news/world/africa/pythons-parties-and-offshore-accounts-life-among-libyas-elite-2355538.html