South Africa has agreed to repatriate Libyan assets thought to include diamonds and gold worth more than $1 billion that was stashed in South Africa by Muammar Ghaddafi, according to a report in ahramonline.
Assets and cash will be returned in accordance with United Nations rules, the South African government said in the report.
Libyan investigators approached the South African treasury with evidence that the assets were held by four local banks and two security companies, South African news reporters learned.
“The decision was informed by the fact that the government of Libya established a single body in 2012 to coordinate the repatriation of assets to Libya,” the South African government said.
Nato’s military intervention in Libya in 2011 during the rebel uprising against the Ghaddafi regime was opposed by South Africa.
The former Libyan dictator was captured and killed in October, 2011 while trying to flee his home town of Sirte, according to ahramonline.