Libyan Investment Authority

Turkey has decided to freeze the assets of the Libyan Investment Authority and the Libyan Africa Investment Portfolio in line with a decision by the United Nations Security Council.

Authorities in Belgium have discovered the disappearance of 10 billion euros of frozen Libyan assets kept in the Euroclear Bank during the period 2013 to 2017, according to the Le Vif magazine.

Le Vif magazine said these funds were controlled by the inner circle of ousted and killed Muammar Gaddafi.

Some €10 billion of Libyan government funds, frozen as part of sanctions against the late Muammar Gaddafi's inner circle, has mysteriously disappeared from a Belgian bank somewhere between 2013 and 2017, according to local media.

The Turkish Government, in an unprecedented decree, announced the transfer of its most valuable financial and real assets into a wealth fund on Jan. 5. For any ordinary Turkish citizen, the "transfer of assets into a fund" sounds a bit shady.