Libya`s frozen assets to be expropriated by western governments, financial expert warns

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Libya`s frozen assets to be expropriated by western governments, financial expert warns

February 10, 2018 - 17:31
Written by: HousamNajjair

The former head of the Libyan Stock Market, Suleiman Shahoumi, said on his Facebook page on Thursday that the assets of the Libya Investment Authority (LIA) are seriously threatened by host countries.

Shahoumi stressed that serious measures are being prepared by those countries, especially Britain, to use Libyan funds, in reference to the intention of the House of Lords to put in place legislation allowing the government to use Libyan funds to compensate the victims of terror attacks by the Irish Republican Army (IRA), during which the latter used weapons and ammunition obtained from the regime of Muammar Gaddafi.