LIA admits to receiving interest payments on Libyan frozen funds
On 12 November, Monya Ghanmy reported for Al Arabiya that Libyan Investment Authority (LIA) admitted on 11 November to receiving the interest payments on the Libyan funds frozen in Belgian banks until the end of October 2017. However, the LIA declared not knowing who had benefitted from this money, raising concern over potential embezzlement. This affair is likely to rekindle the controversy around the LIA and its lack of administrative stability and transparency.
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