Muammar Gaddafi Killed In Hometown Of Sirte

Former Libyan leader Muammar Gaddafi was killed on Thursday as rebel fighters overran his hometown of Sirte, Libya.

The capture of Sirte, Libya and the death of Gaddafi means Libya’s ruling NTC should now begin the task of forging a new democratic system which it had said it would get under way after the city, built as a showpiece for Gaddafi’s rule, had fallen.

The head of Libya’s National Transitional Council, Mustafa Abdel Jalil, will address the nation on Thursday, Libyan channel Free Libya reported, after a senior NTC military official announced the capture and death of deposed leader Muammar Gaddafi.

An NTC official said earlier that Gaddifi was captured and wounded in both legs at dawn on Thursday. Gaddafi had tried to flee in a convoy, but NATO warplanes attacked the convoy.
Also the head of Gaddafi’s armed forces Abu Bakr Younus Jabr was also killed in the attack.

In the capital Tripoli, scores of people took to the streets with sounds of gun fire and cheering, “God is Great, God is Great, Gaddafi has been captured.”

Gaddafi was wanted by the International Criminal Court on charges of ordering the killing of civilians. His regime was toppled by rebel forces on August 23 after 42 years of one-man rule over the oil-producing North African state.

“Our forces control the last neighborhood in Sirte,” Hassan Draoua, a member of Libya’s interim National Transitional Council, told The Associated Press in Tripoli. “The city has been liberated.”

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The owner of Active Investor, the Editor-in-Chief is the man in charge. With his expertise in the currency market, his political science background gives him the expertise to comment on the political wranglings effect on the broader market.

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