Offshore accounts: saving people from Arab dictators

When The Daily Telegraph approached a pensioner living in a £70,000 house in Doncaster about the source of more than £520,000 that is linked to her name and home, she said that the account had previously belonged to her brother-in-law, who was from Libya and who was shielding his family’s assets from Gaddafi.

When her relative died, her nephews took over the account and came to visit her once a year to pick up statements. “They fly into Manchester airport, come over here and pick up their statements and then go,” she said. “When they opened the account 30 years ago it had about £800,000 in it, I think it’s closer to £500,000 now.

“They were afraid of Gaddafi, they still won’t talk about him now.”

Sounds like a damn good reason to have an offshore account really.

In fact, shouldn\’t everyone have one so that if the real scum ever do come to power it\’s possible to protect our property from them?

4 comments on “Offshore accounts: saving people from Arab dictators

  1. Ritchie says no! He thinks that Gaddafi has an inalienable right to everyone’s bank accounts. Or at least anyone who was ever a citizen of Libya.

    And thus we see the new serfdom slowly creep up on us.

  2. SMFS: Gaddafi and chums are some of the best disciples of the Courageous State, so Murphy would approve heartily.

  3. “In fact, shouldn’t everyone have one so that if the real scum ever do come to power it’s possible to protect our property from them?”

    Yep, plus a bit of cash on the hip and a foreign passport of convenience if one qualifies.

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