Gaddafi. Getty. frozen Libyan assets disappear

10 billion Euro frozen Libyan assets disappear from Euroclear Bank

 Frozen Libyan assets disappear: Belgian authorities have discovered the disappearance of 10 billion euros of frozen Libyan assets kept in the Euroclear Bank during the period 2013 to 2017, according to the Le Vif weekly paper.

According to Le Vif magazine, these funds were controlled by the inner circle of ousted and killed Libyan President Muammar Gaddafi.

Over 16 billion euros were located in four accounts opened for the Libyan Investment Authority and Libyan Foreign Investment Company, writes Sputnik News.


Subscribe to Herland Report TV

Libya 2020, government loyalist in war torn country

The Belgian authorities found the disappearance of a significant part of these funds in the fall of 2017, when an investigation into money laundering sought to seize the 16 billion euros. It turned out that on the four accounts just over 5 billion euros remained.

At the same time, according to the Ministry of Finance, Belgium did not take any decision to unfreeze these assets. The question is, therefore, did Belgium control the assets in a correct way, suggests Le Vif.

The investigation into billions of Gaddafi assets held in Belgium discovered big, regular outflows of stock dividends, bond income, and interest payments. Legal documents, bank statements, emails and dozens of interviews point to a loophole in the sanctions regime. Read full article here. 

Bestselling author, Hanne Herland new book New Left Tyranny

Check Also

Memorandum on Libya Salf al Islam Gaddafi Sputnik Herland Report

Memorandum on Libya, Fabrications against the State – Saif al-Islam Gaddafi

  Herland Report: This Memorandum on Libya was first published April 19, 2017 exclusive to …

Human Rights Tragedy in Libya Linda Ulstein Herland Report

Human Rights Tragedy in Libya, silence in the West – Linda Ulstein

Herland Report TV: “We learn from the books about equality and freedom, but in reality …

EU law requires cookies. By continuing to use this site, you agree to this. more information

EU law requires cookies for the best browsing experience. If you continue to use this website or click "Accept", you are consenting.