Monitoring committee for frozen funds in HoR criticizes Belgium step of disposing Libyan frozen assets

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Monitoring committee for frozen funds in HoR criticizes Belgium step of disposing Libyan frozen assets

March 19, 2019 - 11:51
Written by: SafaAlharathy

The head of the monitoring committee for the Libyan funds frozen abroad in the House of Representatives (HoR), Yusuf Al-Akouri expressed surprise at the Belgian government's action to release 100 million euros in interest of the Libyan frozen funds under the pretext of using it for humanitarian purposes.

"Belgium has used this money to settle the debts of Belgian companies and other foreign firms," Al-Akouri clarified via HoR website.

The committee had reviewed documents for money transfer operations from the Euroclear Bank of the frozen assets and its interests to Libyan institutions, which amount to about 2 billion euros, during the period from September 2011 to December 2017, according to the HoR website.