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Intellectuals and activists issue statement on disappearance of frozen Libyan funds abroad

The Address | Benghazi – Libya

LIBYA – Libya’s former ambassador to the United Nations, Ibrahim al-Dabbashi, revealed on his Facebook page that there was a statement issued by a group of intellectuals and political activists about the disappearance of frozen Libyan funds in Belgium and some European countries.

The statement says:

Libya’s nationalists, national forces, intellectuals and political activists are following with great interest the frequent reports, which were confirmed by official statements, about the disappearance of several billions of the benefits of Libyan funds frozen in Belgian banks during the past five years, by transfering them to anonymous recipients.

As stated, the initiative of members of the Belgian parliament to investigate with the Finance Minister in the Belgian government is welcomed, to know the truth of what happened and the responsibility of the ministers concerned and the destination of the actual funds.

What happened to the Libyan funds frozen in Belgium, and also in United Kingdom, Germany, Italy and Luxembourg, can not be separated from the systematic looting of Libyan wealth at home and abroad and the laundering of the looted funds, which happens in the form of investments and purchase of real estate in several countries, with the knowledge of their governments in clear violation of Security Council resolutions and the United Nations Convention against Corruption.

The signatories stressed that there is nothing in the Security Council resolutions that can be interpreted except for the interest on the frozen funds. Consequently, the interest of the frozen Libyan funds was done illegally and could not have been done without collusion between officials in the governments of the countries concerned and officials of the Libyan Investment Corporation. The presidential council of the so-called Government of Accord (GNA), which relies, for its legitimacy, on the support of those countries and the UN Security Council.

It is the responsibility of the Board of Directors of the Libyan Investment Corporation (LIA) to publish a detailed report on the value of the transfers that were made and the accounts that were deposited in, and what the proceeds of investment were, to be discharged, and the Libyans believe what was stated in its statement on 19 November 2018.
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We also demand that the presidential council, which has been entrusted by the United Nations with the responsibility of ruling Libya and managing its funds, should explain to the Libyan public opinion how the money were released, where they are now, If spent, in what they were spent and who benefited from them. We urge the Presidential Council and the House of Representatives (HoR) to form an independent commission of inquiry from Libyan experts who have sufficient knowledge of the work and assets of the Libyan Investment Corporation, the legislation governing it, relevant Security Council resolutions and international banking procedures to uncover the truth and identify those involved and take legal action to punish them and recover money.

We call on the States concerned to cooperate fully with the Independent Investigation Commission in carrying out its mission once it is formed.

We also affirm the Security Council’s responsibility under its resolutions to preserve frozen Libyan funds. We call upon the Security Council Committee established pursuant to resolution 1970 (2011) of the Security Council to take measures to determine the amounts released and to whom and in what cases were used. And whether it has reached terrorist organizations and elements inside or outside Libya?

Al-Dabbashi asked interested parties and officials to add include their voice and participate by signing the statement as soon as it is issued.

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