Rebels set sights on gaddafi’s £10m UK mansion

Muammar Gaddafi’s £12bn ($19.5bn) of UK assets, including cash and a £10m in London’s Hampstead neighborhood, are the new targets for the rebels that deposed the former Libyan leader.

The National Transitional Council won United Nations approval to access $1.55bn of Libyan currency held in the UK by printer De La Rue earlier this week. There was so much cash that stacked chest-high it would have covered a soccer field, said attorney Jeremy Brittenden, whose law firm Hogan Lovells worked on the matter.

Attention is now turning to Gaddafi’s other British investments, from bank accounts and hedge-fund stakes to homes, which were frozen in February after the UN imposed sanctions.

“Anything we can link to the Gaddafi regime or his children, we’re going to go after aggressively,” said Mohamed Shaban, a lawyer for the new Libyan ambassador in London.

Source: ArabianBusiness.com