Today: March 24 2019
russian English greek latvian French German Chinese (Simplified) Arabic hebrew

All that you will be interested in knowing about Cyprus on our website
the most informative resource about Cyprus in runet
With the frozen accounts of Gaddafi, billions of euros were lost

With the frozen accounts of Gaddafi, billions of euros were lost

Tags: Gaddafi, Belgium, Banks

The Belgian bank Euroclear lost over 11 billion euros from frozen accounts in 2011 that worked in the interests of the family of former Libyan leader Muammar Gaddafi, who was killed as a result of the invasion of the country by NATO forces, writes the Belgian magazine Le Vif.

The publication published a bank statement according to which, as of 30 November 2013, four accounts frozen under a UN decision were 14,2 billion euros in securities and 1,9 billion euros in financial form. At the end of 2017, there remained "slightly less than 5 billion euros," the prosecutor's office of Brussels said, Tass reports.

Thus, over 11 billion euros disappeared from frozen accounts. In this case, no movement of funds on these accounts, in theory, it is impossible.

It is specified that the accounts belonged to two Libyan investment companies: Libyan Investment Authority and its branch - Lafico.

Money froze in March 2011 year, a month after the beginning of massive air strikes on the government forces of Libya NATO aviation.

Le Vif writes that in a "natural" way, money could have disappeared if, from 2013, 2017 securities of almost 500 large companies, into which the main Libyan funds were invested, depreciated by 70%. This variant was immediately denied by the authors of the material, noting that all the major indices of the companies, on the contrary, grew.

The Belgian authorities began investigating the disappearance of funds from frozen accounts.

Muammar Gaddafi was killed by the rebels in October 2011. Former adviser Gaddafi said that the leader of the Libyan Jamahiriya was overthrown and killed not in the course of the revolution, but as a result of a planned conspiracy. The newspaper VZGLYAD analyzed in detail the situation in the country five years after this event.

Olga Nikitina
G|translate Your license is inactive or expired, please subscribe again!