Armed Men Steal $54m in Cash in Libya

Ten heavily armed men reportedly made off with approximately $54m in several currencies after executing a high-stakes heist near the Libyan city of Sirte on Monday. The bandits attacked a van as it was transporting the money from the airport to a central bank branch in Sirte. The van was reportedly escorted by one security vehicle; however, the accompanying guards were unable to fend off the heavily armed thieves. According to the AFP, robbers hit two banks in Sirte in July and stole approximately $400,000. Following the collapse of the Muammar Gaddafi’s dictatorship in 2011, the weak central government has failed to rein in the myriad armed militias active across the country. Earlier this month, a former rebel group briefly kidnapped interim Libya’s Prime Minister Ali Zeidan in the increasingly lawless state. [Al Jazeera]b.gif?host=world.time.com&blog=19871253&post=112268&subd=timeglobalspin&ref=&feed=1

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