Libya renews request to Malta to intervene in return of frozen Libyan funds

Libya renews request to Malta to intervene in return of frozen Libyan funds

May 16, 2021 - 10:48
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Written By: RabiaGolden

Malta has promised to assist Libya in sharing information and data on the issue of the release of frozen Libyan funds; however it will not take any further steps on the matter until the conclusion of the ongoing judicial proceedings on this issue.

The ‘Times of Malta’ newspaper reported that Libya has recently renewed its demand to Malta for the return of in excess of 80 million euros of frozen bank deposits, sitting in Maltese banks, all being held in the name of the Gaddafi family, including a number of his old regime’s officials.

The newspaper added on Friday that Foreign Minister, Najla Al-Manqoush called on the Maltese Foreign Minister, Evarist Bartolo, to intervene and force Valletta Bank to release the substantial frozen millions as a mark of goodwill, following ten years of attempting to restore it to Libya.

Bartolo confirmed that his country’s government would assist Libya in the gathering and exchange of information and data on this issue, however, it would not under any circumstances take any steps until the conclusion of the now ongoing judicial procedures regarding these funds.