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Gaddafi secretly transfers £3 bn to London-based wealth manager

Last Updated: Sunday, February 27, 2011 - 13:43

London: Libyan dictator Colonel Muammar Gaddafi has secretly deposited GBP 3 billion with a London-based private wealth manager.

According to the Daily Mail, a Swiss intermediary working for Gaddafi brokered a deal to transfer the funds from oil-rich Libya.

A similar attempt made five weeks ago was rebuffed when senior staff at a separate City stock broking firm learned of the source of the money, The Times reported.

The firm`s chief executive told The Times: “I said no, because personally I`m not comfortable dealing with murdering dictators with blood on their hands.”

However, the transaction went ahead with a Mayfair-based private wealth manager last week.


First Published: Sunday, February 27, 2011 - 13:43

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