Libya oil and gas map, cropped

Libya claims back $60bn of Qadhafi’s secretly invested US Treasuries


Issue 517 - 02 Dec 2024 - By John Hamilton | 4 minute read

The Libyan government is about to claim more than $60bn of until now unknown assets, which investigators say were secretly invested in United States treasury bonds by the former Qadhafi regime. But, with much of the paper held in smaller American midwestern financial institutions, there will likely be a massive battle to establish title to the bonds, and decide how and to whom they should be returned.

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