{"id":4623,"date":"2022-01-11T04:53:02","date_gmt":"2022-01-11T04:53:02","guid":{"rendered":"https:\/\/www.africannewspaper.net\/2022\/01\/11\/belgium-issues-international-arrest-warrant-against-chairman-of-libyas-investment-authority\/"},"modified":"2022-01-11T04:53:10","modified_gmt":"2022-01-11T04:53:10","slug":"belgium-issues-international-arrest-warrant-against-chairman-of-libyas-investment-authority","status":"publish","type":"post","link":"https:\/\/www.africannewspaper.net\/2022\/01\/11\/belgium-issues-international-arrest-warrant-against-chairman-of-libyas-investment-authority\/","title":{"rendered":"Belgium issues international arrest warrant against Chairman of Libya\u2019s Investment Authority"},"content":{"rendered":"\n
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The Belgian judiciary wants the Chairman of the Libyan Investment Authority (LIA), Ali Mahmoud arrested on charges of corruption and embezzlement, Libya Observer reports, citing Belgian magazine \u201cDe Tijd\u201d.<\/p>\n

Mahmoud is subject to an international arrest warrant and could be arrested if he leaves Libya and the warrant aimed at investigating lost interest on the LIA\u2019s billions at Euroclear for several years.<\/p>\n

According to the Belgian magazine Mahmoud will be a concern for the Belgian Euroclear Bank if corruption charges are proved. The bank and its shareholders, which includes the Belgian government will be liable.<\/p>\n

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According to the magazine also, the Belgian government released 15 billion euros worth of interest, which were later transferred into foreign accounts in London or Bahrain.<\/p>\n

In 2011, the United Nations Sanctions Committee ordered the freezing of large amounts of funds from the Libyan Investment Authority, which included those in the Belgian clearinghouse also known as Euroclear Bank.<\/p>\n

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Posted by North Africa Post<\/h4>\n

North Africa Post’s news desk consists of journalists and editors who are constantly striving to provide accurate and new stories for NAP readers.<\/p>\n<\/p><\/div><\/div><\/div>\n

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Source: north africa post<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The Belgian judiciary wants the Chairman of the Libyan Investment Authority (LIA), Ali Mahmoud arrested on charges of corruption and embezzlement, Libya Observer reports, citing Belgian magazine \u201cDe Tijd\u201d. Mahmoud is subject to an international arrest warrant and could be arrested if he leaves Libya and the warrant aimed at investigating lost interest on the […]<\/p>\n","protected":false},"author":1,"featured_media":4625,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"yoast_head":"\nBelgium issues international arrest warrant against Chairman of Libya\u2019s Investment Authority - African News Paper<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africannewspaper.net\/2022\/01\/11\/belgium-issues-international-arrest-warrant-against-chairman-of-libyas-investment-authority\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Belgium issues international arrest warrant against Chairman of Libya\u2019s Investment Authority - African News Paper\" \/>\n<meta property=\"og:description\" content=\"The Belgian judiciary wants the Chairman of the Libyan Investment Authority (LIA), Ali Mahmoud arrested on charges of corruption and embezzlement, Libya Observer reports, citing Belgian magazine \u201cDe Tijd\u201d. 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