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Muammar Qaddafi or Colonel Gaddafi was the president of Libya. He had gold reserves worth $6 billion but he spent his last days of life in a sewerage pipe. What happened to Gaddafi’s 143 tons of Gold after his death?
The death of Colonel Gaddafi
Gaddafi was hiding in the sewerage pipe when rebels tracked him down near his hometown, Sirte. They dragged him out and pushed him along the road by the people where he was killed.
He died on October 20, 2011, only 8 months after the revolutionary movement initiated against his rule. A billionaire, the owner of 143 tons of Gold died in a disrespectful way.
The wealth of Libya
Libya was a wealthy and powerful country with many oil reserves, before Qaddafi’s death, his sidekicks and right-hand people in Libyan Government accumulated more than 143 tons of Sovereign Gold worth $6 billion.
Gaddafi invested his money in secret companies and made a deposit of some of his money in secret bank accounts. It was and is still claimed that Gaddafi owned between $100 million and $200 million.
The prominent yet missing figure in the search for Gaddafi money is a man Bashir Saleh Bashir who was once Libyan leader’s chief of Staff and, of course, right-hand man to Qaddafi. In Libya, he is known as Gaddafi banker.
After Qaddafi’s death, his name was included in Panama papers and as a result, Bashir became wanted.
The search for Libya’s Gaddafi Gold
Abdullah Sanussi, Libya’s former head of intelligence services claimed that Colonel Gaddafi had buried his gold in the Libyan desert but he did not disclose the exact location where he had buried that gold.
One of the former Libyan ministers offered help to find the hidden assets of Colonel Gaddafi but he was found dead before he could provide any information.
This mystery is yet not solved. The investigation is still in process.
Source: Panama Papers