Gaddafi’s sons may have salted away millions in secret Oz investments

Sunday, February 27, 2011

SYDNEY - The sons of Libyan dictator Colonel Muammar Gaddafi may have salted away millions of dollars in oil money in hidden Australian investments during a series of visits to Sydney, Perth and Queensland over the past nine years.

In a trip to Sydney in 2006, million-dollar apartments in “the Toaster” at Circular Quay and several three-bedroom units in the Kent Street apartments worth up to six million dollars each were inspected.

On the real estate hunt was Saif al-Islam Gaddafi, second son and heir apparent to his father’s throne, reports the Sydney Morning Herald.

However, Ken Bowditch, a former senior New South Wales detective who provided security for the Gaddafi family in Australia, said it had been “window shopping”, and added that no deals were made.

Bowditch suggested that if they had spent the millions as has been stated, it would have been through other channels.

Bowditch’s firm Dalmore Security, which provides security for businessmen and celebrities, has been dealing with the Gaddafi brothers on and off since 2002.

Bowditch has also accompanied several Australian business figures, whose names he would not disclose, to meetings with Saif al-Islam in Libya in 2007 to discuss several developments. (ANI)

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