Seems like the world's biggest banks have been working closely with Gaddafi.
The transparency lobby group Global Witness says it's obtained a document laying out details of the Western banks that handle the oil billions of the Gaddafi regime.
The anti-corruption group says the two banks most heavily involved were HSBC and Goldman Sachs working closely with the Libyan Investment Authority.
According to Global Witness, HSBC holds $292.69 million across ten accounts and Goldman Sachs has $43 million in three accounts. The funds are in US dollars, British pounds, Swiss Francs, Euros and Canadian dollars.
Not to be outdone, the Australian banks are right in there too. As reported here, the Libyan sovereign wealth fund also held $US30 million in Commonwealth Bank and National Australia Bank bonds.
Beware of banks talking about "moral hazard".
no comment untill now