Asset Recovery Watch

ARW-214
Muammar el-Qaddafi (and related entities and individuals) (South Africa)
Libya
President (1969-2011)
South Africa
Undertaking Recovery Effort, Location of Recovery Effort, Asset Location / Alleged Asset Location
2011
Ongoing
Art.17
United Nations Security Council Resolution
Other
Unknown
Ongoing
Ongoing
Other
Unspecified
Unspecified Amount
Ongoing

In June 2013, South Africa's Minister of Finance announced that his country would return unspecified amount of assets to Libya. In a June 20, 2013 statement, the Minister stated: "The facts of this matter are as follows:  There are Libyan shareholdings in South African entities that were made on a commercial basis. These include the Michelangelo Towers in Sandton, the Centurion Lake Hotel, the Commodore and Portswood Hotels in Cape Town, and the Kruger Park Lodge in Mpumalanga.  Then there have been allegations of Libyan funds and assets that were brought to South Africa under dubious circumstances. None of the people who have made these allegations have produced evidence regarding the transfer of these assets and funds to South Africa. Those who have evidence should hand it over to the relevant Libyan or United Nations authorities." (Sources: Republic of South Africa, Ministry of Finance, Media Statement by Minister Gordhan on Repatriation from South Africa of Libyan Funds and Assets, June 13, 2013 and Statement by Minister Gordhan to Clarify the Issue of Libyan Assets and Funds, June 20, 2013.)

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.