Africa's missing fortunes [PressTV]
- uploaded: Jun 19, 2013
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South African officials are investigating claims that at least one billion dollars of Libyan assets are hidden in South African accounts, but this is a fraction of what has disappeared since the death of Gaddafi.
Only recently Swiss banks caved into American demands for transparency and revealed the names of secret bank account holders.
Now African activists are expected to step up their demands for more transparency; not just from Swiss banks but from banks based in London, Germany and indeed the US, which could be holding billions of dollars worth of African wealth that stays there when these dictators finally meet their maker.
This money could do so much if it were liberated and used to help the people in some of the poorest countries in the world.
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