A Belgian investigation is underway into the billions of euros missing from Belgian banks that belonged to Libya’s Muammar Gaddafi…
This comes after Belgian authorities were accused of paying out interest and dividends on Libyan frozen bank accounts.
Belgium is now under fire to explain why unknown recipients received millions of euros from these frozen accounts in Brussels.
UN documents confirm that Belgium failed to comply with a UN resolution on freezing Libyan assets,” Belgian member of parliament Georges Gilkine said, according to public broadcaster RTBF.
In the meantime, the former Chairman of the Libyan Investment Authority AbdulMagid Breish told Libyan Express last Saturday that this case must go to the Attorney General’s Office (AG) to look into the disappearance of the money between 2011 and 2018.
He added that the head of investigations bureau the AG’s Office could appoint an international firm that is specialized in auditing and reviewing of accounts and funds as well as assets to probe the assets’ disappearance.
“All money transfers and pay checks are documented internationally. It is not a complicated issue. Banks which have LIA’s assets and accounts can easily pull out the documents and transfers it made over the years.” Breish added.
He explained that since 2011, there have been four LIA heads, Rafiq Al-Nayed, Mohsen Dreja, AbdulMagid Breish, and Ali Mahmoud respectively, saying they should all be investigated including himself and the heads of relevant firms to discover the facts in a completely transparent manner.
