South Africa's treasury is looking into Libyan assertions that slain leader Muammar Gaddafi and his family stashed money and other assets in the country, a spokesman confirmed today.
"There was a group that approached treasury claiming to represent the Libyan government and we are in the process of verifying their claims about assets that are in South Africa, " finance minister Pravin Gordhan's spokesman Jabulani Sikhakhane said.
The Sunday Times newspaper said Libyan investigators had met Mr Gordhan and president Jacob Zuma to discuss locating and repatriating more than $1 billion in cash, gold and diamonds said to have been brought into South Africa by the family of Gadafy, who was ousted and killed during a revolt in 2011.
The Gadafy assets were held by four banks and security companies in South Africa, the Sunday Times said.