8 Aug, 2011 @ 16:32
1 min read

Gaddafi’s Spanish money could go to rebels

LIBYAN rebel leaders have appealed to Spain to release millions of euros held in the name of one of Gaddafi’s sons.

Jamis Gaddafi – who was reportedly recently killed in an air attack on Tripoli – was studying in Madrid when the conflict began but returned home to take control of the 32 Brigade.

While various accounts in his name have been embargoed, there are many legal obstacles standing in the way to sending it back to Libya.

Jamis’s accounts represent only a fraction of the Libyan funds frozen in Spain which could amount to two billion euros.

Gaddafi himself has a 6,000 hectare estate in Málaga, and in is receipt of regular payments made by Spanish oil company Repsol under contractual obligations.

James Bryce

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1 Comment

  1. HOW TO DO THAT legally AND WHAT ARE POSSIBLE repurcussions against Spain? People/Spanish government Officials may not like how Guaddafi treated people in Libya but what is the LEGAL basis for “confiscating his personal funds in Spain” and GIVING that to the Libyan rebels?
    Would Spain be able to confiscate them by proving he got these assets thru “illegal means”.. then why wouldn’t Spain’s Courts try confiscating funds of: Hozni Mubarek of Egypt? or Pres. of R. of Congo (owns 19 luxury properties in Paris) or Pres of Gabon (owns 39 luxury properties in Paris) or China’s government Officials who own the World & have terrible Human Rights infractions, or Estate of Yasser Arafat whose family lives in luxury in Paris with untold $ Millions “donated” to the PLO, et al. Or closer to “home”, those officials who “earned extraordinary sums” during the Franco years or thereafter? They likely NEEDED the Siemans trains to haul away the cash to Switzerland?!
    And harmfully to Spain – what do Spanish Officials think
    Guaddafi, his Army & terrorist supporters will DO to Spain?
    I would not want to THINK about his possible retribution!
    He IS a madman and surrounds himself with equalminded men

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