Efforts to “protect” frozen Libyan assets abroad
Fathi Bashagha, head of the parallel Libyan “stability” government, confirmed “the impossibility of holding elections in the presence of two governments,” hinting at a new political dialogue, similar to the one hosted by the United Nations in Geneva in 2020.
Bashagha added, in press statements on Wednesday evening, that the interim “unity” government, headed by Abdul Hamid al-Dabaiba, “has expired under the Geneva Agreement, but it is internationally recognized by the United Nations, because its exit must take place through a new dialogue, and this will happen before the end of this month.” Without providing further details.
Bashagha also considered that Dabaiba’s government had “failed miserably” in its tasks of carrying out reforms affecting people’s lives, ruling out the possibility of holding postponed presidential and parliamentary elections, and said that “Libya must have one government to be able to hold elections, in addition to unifying the army leadership.”
In the meantime, the President of the Presidential Council, Muhammad Al-Manfi, met with the heads of the Audit Bureau, Khaled Shakshak, and the Chairman of the Board of Directors and Executive Director of the Libyan Foreign Investment Corporation, Ali Mahmoud, in addition to the Chairman of the Board of Directors of the Libyan African Investment Company (LICO), Abdel Hakim Al-Shuwehdi, on Wednesday evening, to discuss about Protection of frozen Libyan funds abroad. The Audit Bureau stated that the meeting discussed “important files” related to Libyan investments and properties abroad, which are exposed to risks in some countries, and the measures that can be taken to protect them from robbery.
An informed source told Asharq Al-Awsat that the Public Prosecutor’s Office had begun an investigation to find out those involved in squandering the frozen assets abroad, pointing out that the exiled “expressed his dissatisfaction and fears about the loss of the country’s property, in light of its preoccupation with the internal situation.”