World News

Libya Seeking to Recover Gadhafi Assets in S. Africa

South African officials are investigating claims that ex-Libyan leader Moammar Gadhafi and his family stashed more than $1 billion in diamonds, gold and cash in the country.

The Finance Minister's office said a group claiming to represent the Libyan government has asked the South African government for help in tracking the assets.

The statement confirms a report in South Africa's Sunday Times newspaper that Libyan officials met with senior officials, including President Jacob Zuma, to discuss locating and recovering the assets.

The report said Gadhafi's assets are held by four banks and two security companies in South Africa.



Gadhafi was captured and killed as he tried to flee his hometown of Sirte during Libya's political uprising in October 2011.

Feature Story

FILE - satellite image provided by GeoEye shows the area around the Yongbyon nuclear facility in Yongbyon, North Korea

Exclusive: North Korean Ambassador Says His Country Will Keep Nuclear Program

Jang Il Hun accused the US of masterminding international criticism of his country’s human rights records to launch a smear campaign against the country’s political system More

Special Reports