Gaddafi family's wealth
Until the uprising in 2011, the Gaddafi family held vast amounts of wealth outside Libya as well as full control of the Libyan economy. The main vehicle for the Gaddafi's wealth is the $70 billion Libyan Investment Authority (LIA). Gaddafi's sons, Saif, Muatassim and Hannibal were accustomed to live in luxury in the West, circulating with other rich people and gaining honour by giving money to causes that they supported. The London School of Economics was a beneficiary of this. Many British companies have gained a foothold in the lucrative Libyan market by building relationships with the Gaddafi family.
Italian companies also have a strong foothold in Libya. Also a quarter of Libya's oil and 15 per cent of its natural gas goes to Italy. The LIA owns significant shares in Italy's Eni oil corporation, Fiat, Unicredit bank and Finmeccanica. In January 2002, Gaddafi purchased a 7.5% share of Italian football club Juventus for USD 21 million, through Lafico ("Libyan Arab Foreign Investment Company"). This followed a long-standing association with the Italian industrialist Gianni Agnelli and car manufacturer Fiat.
The family also hold important investments in Zimbabwe, Chad, Sudan, Sierra Leone and Liberia.
On 25 February 2011 it was announced that Britain's Treasury had set up a specialised unit to trace Gaddafi's assets in Britain.http://en.wikipedia.org/wiki/Gadaffi