Belgium investigating lost Libyan frozen assets in its banks
Prosecutors are investigating whether Belgian banks paid out interest and dividends on accounts frozen under U.N. sanctions in 2011 as the Libyan state under Muammar Gaddafi collapsed, public broadcaster RTBF said on Monday.
Prosecutors, the government and Belgian banks did not comment on the report, which cited an unidentified source.
RTBF said that up to 5 billion euros ($5.7 billion) could have been disbursed to people controlling Libyan accounts, including militia groups in the country accused of human rights abuses.
RTBF said that when the United Nations agreed to freeze deposits held by Gaddafi’s administration abroad, Belgium had done so but had not halted payments of interest and dividends.
How to submit an Op-Ed: Libyan Express accepts opinion articles on a wide range of topics. Submissions may be sent to email@example.com. Please include ‘Op-Ed’ in the subject line.
- Italy denies reports that Rome wants EU to pay Libya to block refugees - May 12, 2021
- Turkish exports of gold and jewellery reach $1.4B in 4 month - May 12, 2021
- Ancient statue of Greek Goddess returned home to Libya - May 11, 2021