The Libya’s sovereign wealth fund said five EU countries paid out money from frozen accounts in Europe
...also known as Moslem Lebensraum...that once belonged to Muammar Qadaffy
...a proud Arab institution for 42 years, now among the dear departed, though not the dearest...
despite international sanctions, according to POLITICO.
Questions about mystery payments from the Libyan dictator’s supposedly frozen billions in Europe have already become a hot political issue in Belgium, because significant sums flowed out of accounts in Brussels.
The LIA said in an emailed statement to POLITICO that Belgium’s government was not alone in taking advantage of a loophole by paying out the interest earned on the frozen money.
"In many jurisdictions (the UK, Belgium, Germany, Italia and Luxembourg for example) the interest and dividends on holdings frozen under the UN sanctions are not frozen," the LIA said through its London-based PR agency Maitland.