The Address | Benghazi – Libya
TRIPOLI – Chairman of the Presidential Council of the Tripoli-based Government of National Accord, Fayez Al-Sarraj, stated on Monday that the proceeds of Libya’s frozen assets in Belgium went directly to the accounts of the Libyan Investment Authority (LIA) abroad as well as all the revenues of the state.
Al-Sarraj, according to his spokesman Mohammed Salak, insisted there was no manipulation of the frozen funds in Belgium, indicating that he issued instructions to transfer files relating to the accounts and assets of the LIA abroad from 2011 to date to the Audit Bureau for review and audit.
Al-Sarraj had agreed with the LIA to contract with specialized international companies for reviewing and auditing under the supervision of the United Nations, stressing that the LIA had already started the contracting procedures already.
In September, a U.N. panel of experts on Libya said that Belgium is in violation of international sanctions targeting Libyan assets.
Multiple international media outlets reported late October that Libya’s frozen assets in Belgium have been disbursed to people controlling Libyan accounts, including militia groups in the country accused of human rights abuses.
Both the government of Belgium and the Libyan Investment Authority have denied these allegations.