Qadhafi sends delegation to Egypt to raise war funds

Libya's beleaguered leader, Muammar Qadhafi, has sent a delegation of senior officials to Egypt to sell Libya's investments in Egypt, according Abdel Moneim al-Honi, representative of the Libyan National Transitional Council in Egypt.

The sale is intended to fund ongoing military operations against Libyan rebels, al-Honi told Al-Masry Al-Youm, adding that the assets are estimated at several billions of dollars.

According to Honi, the delegation to Egypt includes Libya's Minister of Economics Mohamed al-Huweij and three other ministers. The officials are hoping to return to Tripoli with cash from any sales that are made.

Honi was Libya's ambassador to the Arab League before breaking with Qadhafi's regime and announcing his support for the Libyan rebel movement, which has been conducting an armed struggle since February.

Translated from the Arabic Edition

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