Former Libyan dictator’s son is still subject to a UN financial freeze order on all his assets
Saadi Gadhafi, the third-born son of former Libyan dictator Moammar Gadhafi, is trying to orchestrate a sale of his Toronto penthouse apartment, which remains subject to an asset freeze by the United Nations Security Council, The Globe and Mail has learned.
In 2011, the UN Security Council imposed a financial freeze order on the Gadhafi family, including Saadi Gadhafi, and other members of Colonel Gadhafi’s regime after his ouster in Libya. The order was designed to prevent the senior Gadhafi and his inner circle from using any ill-gotten wealth, which belongs to the state, to further repress the Libyan people.
The document titled Special Power of Attorney For Use in Canada – a copy of which was obtained by The Globe – was registered at the Libyan consulate in Istanbul under Reference No. 75/1 on Nov. 11, 2022. The document names Al-Saadi Muammar Muhammed Gaddafi as the mandator, or the person granting the power of attorney, and Mr. Al-Murabit as the mandatary, the individual who is empowered to act in his stead.
Also affixed to the power of attorney is the seal of the Libyan Government of National Unity, Mr. Gadhafi’s signature and his fingerprint. A witness attestation from Libya’s Consul General in Istanbul, Salah Al-Din Faraj Al-Kasih, appears near the bottom of the document for the purpose of authenticating Mr. Gadhafi’s signature.
The RCMP, meanwhile, has a copy of the power of attorney in its possession, according to the sources. But the Mounties wouldn’t disclose to The Globe whether they are investigating the matter, even though an attempted sale of the apartment by Mr. Gadhafi would be an apparent contravention of the UN asset freeze.
The UN resolution compels member states, including Canada, to “freeze without delay all funds, other financial assets and economic resources” that are owned or controlled, either directly or indirectly, by individuals on its sanctions list, Mr. Dujarric noted in his e-mail. Those provisions, he added, also apply to “individuals or entities acting on their behalf or at their direction, or by entities owned or controlled by them.
Property records, meanwhile, show that Mr. Gadhafi purchased the 2,218 square foot penthouse, located in the Harbour View Estates group of buildings, under the name Saadi Kaddafi, on May 7, 2008. He remains on title. As of May 31, the real-time value of the penthouse suite is estimated at $2.11-million, according to an enhanced residential report by the Municipal Property Assessment Corp.
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