Gaddafi will try to sell Libyan gold, ex-bank governor says

August 25, 2011 10:24

MILAN - Muammar Gaddafi will try to sell part of Libya's gold reserves to pay for his protection and sow chaos among tribes in the north African country, said his former central bank governor Farhat Bengdara.

Bengdara, who has allied himself with the Libyan rebels, told the Italian daily, Corriere della Sera, that an ally of Gaddafi had offered 25 tonnes of gold to his friend "a little time ago".

"My friend referred it to me and I suggested that he refuse and my friend immediately rejected the approach. But it is a clear indication," Bengdara said in the interview published on Thursday. He said his friend was not Libyan but gave no further details.

There are gold reserves worth $10 billion in Tripoli and Gaddafi could have taken some of that amount, he said.

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