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Report on Gaddafi's finances leaked

A leaked report reveals that the great and good of the financial world hold funds owned by Libyan leader...

Libyan leader Col. Muammar Gaddafi gestures as he enters the U.N. headquarters for the UN General Assembly on 23 September 2009. AFP

A leaked report reveals that the great and good of the financial world hold funds owned by Libyan leader Muammar Gaddafi.

These assets have been frozen by the European Union (EU) and the United Nations (UN).

The banks are not saying whether they once did or still hold Gaddafi's funds.

The financial watchdog Global Witness lists HSBC, the Royal Bank of Scotland, Goldman Sachs, JP Morgan Chase, Nomura and Societe Generale as principal bolt-holes for billions of dollars of the brother leader's money.

Global Witness has a year-old document stating that HSBC holds nearly $300 million of Gaddafi's money in 10 cash accounts with a similar amount in a hedge fund.

Goldman Sachs is holding $43 million in three accounts.

Gaddafi has invested a billion dollars in Societe Generale and $4 billion more in investment funds and structured products.

The watchdog says $19 billion of the Gaddafi treasure is held in Libyan and Middle Eastern banks.

Timeline

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