23.02.2011 - Gaddafis' hidden billions: Dubai banks, plush London pads and Italian water
From Guardian: Libya's oil wealth has been siphoned out of the country by a powerful elite including Gaddafi and his nine children. Most of the state's investments are made by the Libyan Investment Authority (LIA), a "sovereign wealth fund" set up in 2006 to spend the country's oil money, which has an estimated $70bn of assets. LIA bought 3% of Pearson last year for 224m, making it one of the group's biggest shareholders, and had a 0.02% stake in RBS, although this was recently sold...............................................Full Article: Source
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