West throws cash lifeline to Libya rebels
International Contact Group set to siphon Qadhafi funds to TNC
FUNDS placed by Libyan leader Muammar Qadhafi in foreign bank accounts will be channelled to rebels fighting to overthrow his regime, US secretary of state Hillary Clinton said today. Clinton’s statement came after a meeting of the International Contact Group in Rome. The Libyan government had earlier claimed about $120 billion had been frozen in foreign bank accounts under sanctions imposed in February. It is understood the rebels, based in Benghazi, eastern Libya, will be able to request funds. However, how such requests will be made and, if granted, how the cash will be paid out has not been made public. In an interview with Petroleum Economist last month, Ali Tarhouni, the Libyan Transi
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