Negotiations that continued till 2009 eventually failed and the money could not be recovered.
Hundreds of rebel fighters were been pulled out by sea as Muammar Gaddafi's forces were on the verge of overrunning the key western city of Misrata after routing all opposition attacks on the eastern front, as the country's strongman and his sons appeared to be looking for a way out of the conflict.
It's time New Delhi gives some clarity to its Libya policy so as to secure its energy and business interests in the north African nation, says Harsh V Pant
Addressing his supporters in Tripoli on Wednesday, Libyan dictator Muammar Gaddafi on Wednesday dismissed allegations about his tyrannical rule and claimed that power was in the hands of the people of the nation.
The circumstances surrounding the former Libyan leader's death in his hometown of Sirte are unclear, with four or five different versions surfacing of how he died, the Office of the High Commissioner for Human Rights (OHCHR) said.
The man who had purportedly discovered former Libyan ruler Muammar Gaddafi hiding in a drainage pipe nearly a year ago has died after being kidnapped, beaten and slashed by supporters of the late dictator. Omran Shaaban, who is the latest victim of the persistent violence and instability in the North African country, had been hospitalised in France.
France on Thursday said the death of Muammar Gaddafi marked the end of 40 years of tyranny in Libya and pledged its support to the people of the country for readying a political roadmap.
Slain Libyan dictator Muammar Gaddafi's son, Saif-al Islam has said that he wants to face trial for alleged crimes in his home country and not in the International Criminal Court in The Hague.
Colonel Muammar Gaddafi has hinted that he is ready to give up power after 41 years, but only if a rebel interim council gives him a pile of cash and assures him immunity from criminal prosecution.The dictator is said to have proposed a meeting of the Libyan Parliament to agree to a transition period to pave the way for him to step down. His terms include immunity from criminal prosecution and a pile of cash.
In a tough message hours after the United Nations slapped 'biting' sanctions on the Libyan regime, United States Secretary of State Hillary Clinton has told a bellicose Muammar Gaddafi to leave the country and end his regime as soon as possible.
Libyan dictator Muammar Gaddafi's son Seif al-Islam, who was rumoured to have been arrested by rebels, appeared at the Rixos hotel in Tripoli in the wee hours of Tuesday and spoke to some of the journalists staying there. Rebel leaders had claimed that Seif al-Islam had been arrested and he was expected to be tried at the International Criminal Court in The Hague. Putting these speculations to rest, Seif al-Islam made an appearance at the hotel in an armoured vehicle.
Though President Barack Obama is yet to voice America's approach to the new North Korean "Respected Comrade", top United States lawmakers have wished his father, the late Kim Jong Il, "a warm corner in hell", alongside the likes of Muammar Gaddafi, Osama bin Laden, Hitler and Stalin.
The body of Colonel Muammar Gaddafi will be buried on Tuesday in a "simple" ceremony at an unknown location in the desert, Libya's interim leaders have announced.
Presenting some of the best moments from around the globe in the last 24 hours.
Presenting some of the most scintillating pictures from around the globe in the last 24 hours.
Presenting some of the most scintillating pictures from around the globe in the last 24 hours.
A day after rebel militia stormed his Bab al-Azizya compound in Tripoli, Libyan ruler Muammar Gaddafi is on the run. But the war in Tripoli though is far from over. Gaddafi loyalists, outnumbered but active, have been taking on the rebels in pockets of the Libyan capital.
Anti-Gaddafi caricatures and graffiti have sprung up across cities such as Benghazi, most of them portraying him in an unflattering light. Let's take a look at some of them.
The United Nations Security Council has unanimously voted to bring to an end the authorised international military action in Libya on October 31, following the death of Muammar Gaddafi that brought an end to the bloody conflict in the country. The resolution passed on Thursday said that the liberation of the North African country after Gaddafi's death offers better prospects for a "democratic, peaceful and prosperous future".
The Obama administration has formally recognised Libya's Transitional National Council, as the country's legitimate government, giving foes of Muammar Gaddafi a major financial and credibility boost.
Pro-Gaddafi forces pounded the port and launched a new armoured incursion into the western besieged city of Misurata on Monday, as the United Nations pulled out its staff from the Libyan capital Tripoli following violence targetting its offices.
The destruction of Gaddafi's military capacity is a matter of days or weeks, certainly not months, says France's Ambassador to India Jerome Bonnafont.
As an unrepentant Muammar Gaddafi refused to heed global calls for an end to violence in Libya, the United Nations Security Council on Sunday unanimously slapped "biting sanctions" on his regime, including a travel ban and asset freezes, with United States President Barack Obama saying the strongman must quit now.
Libyan forces loyal to Muammar Gaddafi attacked anti-regime protesters with machine guns and rocket- propelled grenades at a mosque in Zawiyah leaving nearly 100 people dead, as outraged western nations on Friday prepared to slap sanctions against Tripoli.
Libya's anti-government protesters took control of several cities in the north African country and reached capital Tripoli for the first time amid reports that its leader Muammar Gaddafi has fled the country.
As forces loyal to Muammar Gaddafi continue to push the rebels from their positions, cracks seem to be appearing in the North Atlantic Treaty Organisation over military strategy in Libya, with major NATO alliance partner France demanding that the punishing raids should be carried out to finish strongman's tanks and heavy artillery.
Rediff.com talked to some members of the Muslim community in India to gauge their reaction to the air-strikes on Libya.
British Foreign Secretary William Hague said in a statement, "Given the continued levels of illegitimate violence within Libya, we call upon Colonel Gaddafi to put an immediate stop to the use of armed forces against the Libyan people."
In response to Switzerland's plan to ban the construction of minarets on mosques, Libyan dictator Muammar Gaddafi has called for jihad against one of the most peaceful nations in the world. "Any Muslim in any part of the world who works with Switzerland is an apostate, is against (the Prophet) Muhammad, God and the Koran," The Times quoted Colonel Gaddafi as saying. In November, an overwhelming majority of the Swiss population voted against the construction of new minarets.
We take a look at the most amazing pictures from across the globe in the last 48 hours.
Loud explosions and anti-aircraft fire rang across the Libyan capital for the third night in running as coalition bombers and missiles struck targets, including Muammar Gaddafi's Tripoli compound and a big naval base on the outskirts of the city.
Just a few days Operation Odyssey Dawn, the collective international action under United Nations authority to protect the Libyan people, has already derailed Gaddafi's bloody assault on rebel-held territories.
Libyan jets pummeled rebel-held Ras Lanuf and took control of oil town of Zawiyah, amid growing global pressure on Muammar Gaddafi to quit as France became the first country to recognise the opposition National Council.
With Internet connections blocked and telephone lines cut, the news of how those wanting to see Gaddafi's exit from the country are waging their battle, has been hard to come by.
India and Libya discussed ways to boost their relationship, particularly in the IT and Oil sector during talks visiting Petroleum Minister Murli Deora had with Libyan leader Muammar Gaddafi in Tripoli.
Hollywood superstar Angelina Jolie has flown down to Libya to help aid agencies bring in supplies to the country.
Pro-Gaddafi forces were locked in a fierce battle with rebels in Libya's east to reclaim the lost territory as the regime scrambled hard to quell fresh protests in Tripoli, amid reports that at least 49 people were killed in the fighting and explosions in a military arms depot.
We bring you a presentation of some of the best photos from around the world in the last week.
Presenting some of the most scintillating pictures from around the globe in the last 48 hours.
India on Thursday said it expects an "impartial" investigation by the International Criminal Court into war crimes committed during the Libyan conflict that punishes both Muammar Gaddafi's troops as well as opposition forces responsible for violence and killings during the uprising.
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