Atwasat

Italian police seize $2.34m from man linked to Mutassim Gaddafi




Alwasat - Cairo Fri 27 Jul 2018, 10:25 AM
alwasat radio

Italian police on Thursday seized two million euros (2.34 million dollars) from a Libyan man who acted as a frontman for one of the sons of former Libyan dictator Muammar Gaddafi.

In 2010, Mutassim Gaddafi, the fourth son of the dictator, bought two luxury flats, a garage and a cellar in Rome for 5.5 million euros, using a frontman to elude international sanctions and asset freezes on the Gaddafi clan, police said.

Mutassim died in 2011, and the frontman – whom the Guardia di Finanza identified only via his initials BAAA – sold the properties five years later for a cut price of 2.5 million euros.

This was because he felt that authorities were closing in on him.

Italian police said the man managed to smuggle about 500,000 euros out of Italy, while the remaining two million euros was seized and frozen, while BAAA was accused of false registration of assets and money laundering.

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