Gaddafi secretly transfers 3 billion pounds to London-based wealth manager

Libyan dictator Colonel Muammar Gaddafi has secretly deposited three billion pounds with a London-based private wealth manager.

February 27, 2011 - London

Libyan dictator Colonel Muammar Gaddafi has secretly deposited three billion pounds 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.

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