Last updated: 26 may, 2011 - 11:27 GMT

Fifty three billion dollars of Libyan state assets traced

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Libyan leader Muammar Gaddafi

It is no secret that the Libyan government made significant investments abroad when it formally came out of the political cold in 2003.

But today, the country is under international sanctions which ordered the freezing of financial assets linked to the Libyan leader Colonel Gaddafi.

Now the anti-corruption organisation Global Witness says it has located up to 53 billion dollars of Libyan state assets.

The organisation names banks where huge deposits were made, and companies in which the Libyan Investment Authority is a key share holder.

This information, was obtained through leaked documents.

Robert Palmer is a campaigner with Global Witness, he spoke to Network Africa's Paul Bakibinga.

From BBC World Service Africa

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