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Gadhafi Envoys In London Fire Sale

LONDON, Aug. 11 (UPI) — Officials loyal to Libyan leader Moammar Gadhafi tried to sell assets to raise cash for the regime before they were kicked out of London, sources say.

British Foreign Secretary William Hague this week said representatives of the rebel-backed Transitional National Council in Libya were staffing the Libyan Embassy in London. The British government in July recognized the TNC as the sole authority in Libya and expelled members of Gadhafi’s regime from the country.

A British official, on condition of anonymity, told The Daily Telegraph newspaper in London that Gadhafi’s representatives to London tried to sell off “anything that wasn’t nailed down” before they were expelled from the country.

The source added that Gadhafi loyalists were running out of cash and the conflict there could soon reach a “tipping point.”

NATO forces began enforcing a U.N.-mandated no-fly zone over Libya in March. The British source told the newspaper that the military operation wasn’t moving “as swift as we would have liked.”

The TNC has dissolved its executive community, adding to concerns the rebel-backed government was unraveling.

Victoria Nuland, a spokeswoman for the U.S. State Department, said the dissolution represented “an opportunity for renewal not only in political terms but in terms of the confidence that the Libyan people are going to have to have in TNC leadership.”

UPI - United Press International, Inc.

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