Colonel Ghaddafi |
If you are an old Caribbean hand, you will recall that the late Libyan dictator, COLONEL MUAMAR GADDAFI, sought to open a bank in Saint Kitts & Nevis, to service the region. Former SKN PM and current Minister of Foreign Affairs DENZIL DOUGLAS and another Kittitian official at one point visited Libya, to meet personally with the dictator, and to maKe the appropriate financial arrangements. The story goes that Douglas had the Government of Libya send USD$60m to an escrow account at a bank in Antigua, as he feared political backlash from the Opposition over the matter, and wanted to quietly fund Gaddafi's bank through his Antiguan connections within its Labour government.
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Antigua MP Asot Michael |
An escrow account was set up, with Douglas, and Antiguan Minister and MP ASOT MICHAEL, a close associate of PM GASTON BROWNE, having joint control of the funds. We all know that Gaddafi was deposed in the subsequent Libyan Revolution, and died at the hands of a rebel faction. Asot Michael was subsequently murdered in Antigua, in a case where questions regarding who was actually behind his death have never been fully answered. Whether it was simply a case of domestic violence by a paramour, or a political assassination orchestrated by an unknown party has never been determined. Douglas was apparently never questioned by authorities in Antigua who were investigating the homicide, and there were allegations of a coverup by the government.
Saint Kitts Minister Denzil Douglas |
Douglas then became the only person who controlled Gaddafi's sixty million dollars, which was originally earmarked for a Kittitian bank which was then neither formed nor funded. He has never disclosed any details about the account, and there is no record that it was ever returned to Libya.
We resurrect this part of Caribbean history at this time, as a former Saint Kitts banker has recently brought the attention of the region to the fact that the location of the Gaddafi bank seed money has never surfaced, and the recent American §1782 proceeding, where an American District Court Judge has ordered that subpoenas issue against a number of individuals and corporate entities closely linked to Antigua's Prime Minister Gaston Browne could provide evidence regarding the trail of this elusive fortune, who received it, and who controls it in 2025.
Will the solution to the mystery of what happened to the Gaddafi money now be solved in the subpoenaed bank records of Brown associates, and is that the real reason that access to US bank records that trace back to Browne is being so zealously defended? At this point, Denzil Douglas needs to tell us what happened to the sixty million dollars.