A Belgian judge has issued an international arrest warrant for the Chairman of Libyan Investment Authority (LIA), Ali Mahmoud Hassan, AFP reported on Friday. According to AFP, the arrest warrant relates to investigations into the management of Libyan assets frozen in Belgium after the fall of the Muammar Gaddafi regime in 2011. To avoid possible theft during the uprising against ousted Libyan President Gaddafi, AFP reported, the funds were scattered across several continents before the fall of his regime in 2011. AFP revealed that the assets in Belgium are in several banks, totalling more than €14 billion. Following investigations into the frozen assets, it was discovered that part of the funds disappeared in 2017.

Source: Libya Today January 22, 2022 15:53 UTC