Libya to claim back $60billion of Qadhafi’s secretly invested US Treasuries

According to reporting by African Energy the Libyan government is about to claim more than $60billion of until now unknown assets, which investigators say were secretly invested in United States treasury bonds by the former Qadhafi regime. A delegation headed by the Director General of the Libyan Asset Recovery and Management Office (LARMO) Mohammed Mansli is expected to meet with US officials this December to claim the assets, the report said. However, with much of the paper held in smaller American midwestern financial institutions, there will likely be a massive battle to establish title to the bonds and decide how and to whom they should be returned.