World

ls Saif al-Islam Gaddafi an Extension of Col. Muammar Gaddafi?

by alaaron | April 4, 2011 at 05:36 pm

94 views | 2 Recommendations | 1 comment

The Arabic international Daily Asharq alawsat reported in March 27th that Col Gaddafi is secretly discussing with the international community a deal in which he will step down and be replaced by his son for a transitional period of 2-3 years.

Saif al-Islam Gaddafi seeking immunity

But if Saif al-Islam Gaddafi is to replace his father Col. Muammar Gaddafi as Libyan President would it make any difference? Or would it be an extension of the reign of terror?

The remarks made by saif al-Islam to Reuters gives an indication.

"Libya is preparing full-scale military action to crush its rebellion and will not surrender even if Western powers intervene in the conflict..." "Time is out now. It's time for action ... We gave them two weeks (for negotiations)." "We will never ever give up. We will never ever surrender. This is our country. We fight here in Libya,"

Why would he not be any different from his father if he takes over?

Amid momentous scenes being played out across the Middle East last week, sources in the Swiss financial centre were privately gossiping about a visit to Geneva earlier this year by Farhat Bengdara, the governor of the Central Bank of Libya.
According to one popular rumour, Bengdara had visited Geneva with a purpose. He was there to make changes to key Swiss accounts, into which flow hundreds of millions of dollars of Libyan oil money that are then allocated to the Libyan Investment Authority and the Libyan Central Bank.

Financiers in Geneva gossip that, as far back as 17 January, Bengdara established that four new names would be added as signatories on three crucial accounts controlling much of the money. The signatories were Colonel Muammar Gaddafi; his son Khamis, who heads Libya's infamous martyrs' battalion; the Libyan leader's daughter Aisha; and his son Saif al-Islam.

Where Libya's petro-dollars may have been channeled in the weeks since tensions first erupted across the Arab world is hard to say. But those who know him would be surprised if Saif did not hold the answers.