Asset Recovery Watch

ARW-136
Muammar el-Qaddafi (and related entities and individuals) (United Kingdom)
Libya
President (1969-2011)
United Kingdom
Undertaking Recovery Effort, Location of Recovery Effort, Asset Location / Alleged Asset Location
2011
Ongoing
Art.20
No
Other (International Sanctions); Case in Investigatory/Asset Restraint Stage
Unknown
Unknown
Ongoing Case
Completed (in part) and Ongoing (in part)
Investigation/Asset Tracing/Asset Restraint
$19.6 billion in Libyan assets frozen; unspecified whether any of the assets belonged to Mr. Qaddafi or his family or associates. (Source: The Guardian)
$1,634,520,000 in Libyan assets returned; unspecified as to whether any assets belonged to Mr. Qaddafi or his family or associates
Ongoing
N/A

According to the UK Foreign and Commonwealth Office, "The Government has today taken action to freeze the assets of Colonel Muammar Abu Minyar al Qadhafi, members of his family and those acting on their behalf or at their direction. The individuals subject to an asset freeze are: Colonel Muammar Abu Minyar al-Qadhafi, Aisha Muammar Qadhafi (daughter), Hannibal Muammar Qadhafi (son), Khamis Muammar Qadhafi (son). Mutassim Qadhafi (son) and Saif al-Islam Qadhafi (son)." (Source: UK Foreign and Commonwealth Office, "Libya update: Political action taken by UK government," February 27, 2011.) According to the United Kingdom's Foreign and Commonwealth Office, "In response to specific requests and with UN agreement, the UK has also made available Libyan assets frozen under the UN sanctions regime. 1.86 billion Libyan dinar bank notes that were printed in the UK before the current crisis have been delivered to Libya to help the Libyan population meet their basic needs." (Source: UK Foreign and Commonwealth Office,"Libya," accessed on October 31, 2011, at http://www.fco.gov.uk/en/global-issues/mena/libya/.) On August 26, 2011, the Guardian reported that the UK was seeking to unfreeze some of the GBP 12 billion frozen in the UK. (Source: Jo Adetunji, "Libyan assets to be unfrozen, including £1bn worth of dinar banknotes, British diplomats seek to unblock £12bn worth of assets held in UK, including notes printed for Gaddafi regime," the Guardian, August 26, 2011.)

Mr. Qaddafi passed away on October 20, 2011 (Source: New York Times, "Muammar el Qaddafi"); as of October 31, 2011 cases in investigatory stage as to other individuals and entities.

Chancellor of the Exchequer; Department for Business, Innovation and Skills (export controls)