25.02.2011 - Libya SWF has billions in US banks: WikiLeaks
From Abc.net.au: Libya holds billions of dollars in US bank accounts, according to a confidential US diplomatic cable, which casts light on the global span of the country's oil wealth. According to a 2010 message from the US embassy in Tripoli, obtained by WikiLeaks, Libya's sovereign wealth fund holds $US32 billion in cash and "several American banks are each managing $US300-500 million". The revelations were reportedly made by the fund's boss, Mohamed Layas, who said most of the $US32 billion was "in bank deposits that will give us good long-term returns"...............................................Full Article: Source
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